Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PureCycle Technologies Inc shares valued at $20,000,003 were purchased by SYLEBRA CAPITAL LLC on Sep 13 ’24. At $4.69 per share, SYLEBRA CAPITAL LLC acquired 4,264,393 shares. The insider’s holdings grew to 33,050,456 shares worth approximately $364.88 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Musa Fernando purchased 18,303 shares, netting a total of over 99,934 in proceeds. Following the buying of shares at $5.46 each, the insider now holds 68,413 shares.
Before that, BOUCK STEVEN F had added 8,000 shares to its account. In a trade valued at $31,200, the Director bought PureCycle Technologies Inc shares for $3.90 each. Upon closing the transaction, the insider’s holdings increased to 8,000 shares, worth approximately $0.46 million.
As published in their initiating research note from Cantor Fitzgerald on October 18, 2024, PureCycle Technologies Inc [PCT] has been an Overweight and the price target has been revised to $14. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of January 03, 2024, Craig Hallum has decreased its “Buy” rating to a “Hold” for PCT. Earlier on December 19, 2023, ROTH MKM downgraded its rating. Their new recommendation was “a Neutral” for PCT stock which previously was a “a Buy”.
Analyzing PCT Stock Performance
During the last five days, there has been a surge of approximately 7.29%. Over the course of the year, PureCycle Technologies Inc shares have jumped approximately 172.59%. Nevertheless, trading volume fell to 1.77 million shares from 2.22 million shares the previous day.
Support And Resistance Levels for PureCycle Technologies Inc (PCT)
RSI (Relative Strength Index) is 69.42 on the 14-day chart, showing neutral technical sentiment.
