PureCycle Technologies (NASDAQ:PCTTU) Stock Price Down 1% – Here’s What Happened

PureCycle Technologies, Inc. (NASDAQ:PCTTUGet Free Report) shares dropped 1% during mid-day trading on Tuesday . The stock traded as low as $15.72 and last traded at $15.72. Approximately 1,700 shares changed hands during trading, an increase of 31% from the average daily volume of 1,300 shares. The stock had previously closed at $15.88.

PureCycle Technologies Stock Performance

The stock’s 50-day moving average is $15.54 and its 200-day moving average is $11.07.

About PureCycle Technologies

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PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.

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