Why PureCycle Technologies Rocketed Nearly 40% Today

The experimental plastics recycling company received a cash infusion as it looks to commercialization. Shares of PureCycle Technologies (PCT 38.59%) rallied 37.9% as of 1:00 p.m. ET Wednesday. The company, which is looking to commercialize its polypropylene recycling technology, received a cash infusion today from investors. While the cash raise will dilute investors somewhat, it appears the funding set aside investor fears as the company nears commercialization of its recycling technology. A show of confid ...