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 $294.77 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.
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 fall -5.26% to $8.65. Over the last five days, the stock has lost -16.02%. PureCycle Technologies Inc shares have fallen nearly -15.61% since the year began. Nevertheless, the stocks have risen 52.83% over the past one year. While a 52-week high of $15.58 was reached on 02/18/25, a 52-week low of $4.50 was recorded on 03/07/25. SMA at 50 days reached $9.64, while 200 days put it at $8.73.
Levels Of Support And Resistance For PCT Stock
The 24-hour chart illustrates a support level at 8.15, which if violated will result in even more drops to 7.65. On the upside, there is a resistance level at 9.09. A further resistance level may holdings at 9.53. The Relative Strength Index (RSI) on the 14-day chart is 41.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.70%. Stochastics %K at 18.61% indicates the stock is a buying.
