PureCycle Technologies Inc’s filing revealed that its 10% Owner SYLEBRA CAPITAL LLC acquired Company’s shares for reported $5.0 million on Feb 06 ’25. In the deal valued at $8.06 per share,619,925 shares were bought. As a result of this transaction, SYLEBRA CAPITAL LLC now holds 34,077,574 shares worth roughly $ 317.26 million.
Then, SYLEBRA CAPITAL LLC bought 4,264,393 shares, generating $20,000,003 in total proceeds. Upon buying the shares at $4.69, the 10% Owner now owns 33,050,456 shares.
Before that, Musa Fernando bought 18,303 shares. PureCycle Technologies Inc shares valued at $99,934 were divested by the Director at a price of $5.46 per share. As a result of the transaction, Musa Fernando now holds 68,413 shares, worth roughly $0.64 million.
TD Cowen reiterated its PureCycle Technologies Inc [PCT] rating to a Buy in a research note published on November 20, 2024; the price target was $15. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. TD Cowen also remained covering PCT and reiterated its “Buy” recommendation on August 09, 2024. Craig Hallum revised its rating on January 03, 2024. It rated PCT as “a Hold” which previously was an “a Buy”.
Price Performance Review of PCT
On Friday, PureCycle Technologies Inc [NASDAQ:PCT] saw its stock jump 4.02% to $9.31. Over the last five days, the stock has gained 7.51%. PureCycle Technologies Inc shares have fallen nearly -9.17% since the year began. Nevertheless, the stocks have risen 106.43% over the past one year. While a 52-week high of $15.58 was reached on 01/07/25, a 52-week low of $4.50 was recorded on 02/07/25. SMA at 50 days reached $10.33, while 200 days put it at $8.41.
Levels Of Support And Resistance For PCT Stock
The 24-hour chart illustrates a support level at 8.99, which if violated will result in even more drops to 8.67. On the upside, there is a resistance level at 9.64. A further resistance level may holdings at 9.97. The Relative Strength Index (RSI) on the 14-day chart is 48.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.37%. Stochastics %K at 50.16% indicates the stock is a holding.
How much short interest is there in PureCycle Technologies Inc?
A steep rise in short interest was recorded in PureCycle Technologies Inc stocks on 2025-01-31, growing by 2.54 million shares to a total of 39.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 36.68 million shares. There was a rise of 6.49%, which implies that there is a positive sentiment for the stock.
