PureCycle Technologies, Inc. (NASDAQ:PCTTW – Get Free Report)’s share price dropped 8.6% on Monday. The company traded as low as $0.52 and last traded at $0.5850. 400 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 20,998 shares. The stock had previously closed at $0.64.
PureCycle Technologies Stock Down 7.0%
The company’s 50 day moving average is $1.41 and its 200-day moving average is $1.93.
Institutional Trading of PureCycle Technologies
Institutional investors have recently bought and sold shares of the business. Sigma Planning Corp acquired a new position in shares of PureCycle Technologies in the 2nd quarter valued at approximately $87,000. Hsbc Holdings PLC bought a new position in PureCycle Technologies in the second quarter valued at about $103,000. Two Sigma Securities LLC bought a new position in shares of PureCycle Technologies in the second quarter worth about $122,000. Bluefin Capital Management LLC bought a new position in PureCycle Technologies in the 2nd quarter valued at approximately $408,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of PureCycle Technologies in the 2nd quarter valued at $542,000.
PureCycle Technologies Company Profile
PureCycle Technologies, Inc is a recycling technology company focused on converting waste polypropylene into recycled resin with properties designed to resemble those of virgin polypropylene. The company uses a proprietary purification process originally developed by The Procter & Gamble Company, which PureCycle licensed and further developed for commercial use.
PureCycle’s process is intended to remove colors, odors and other contaminants from post-consumer and post-industrial polypropylene.
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