Why PureCycle Technologies Rallied Today

Shares of PureCycle Technologies (PCT 21.57%) rocketed 24.2% today as of 11:49 p.m. ET.PureCycle is a young company founded 10 years ago, which has technology that can recycle waste polypropylene and turn it into pure plastic resin, which can then be turned into plastic feedstock for all kinds of end-use cases.Today, the company announced a big investment from some high-profile investors, leading to a big surge in the stock.PureCycle looks to expandToday, PureCycle announced it had raised $300 million in th ...