Why PureCycle Technologies Stock Blasted 12% Higher Today
PureCycle Technologies (NASDAQ: PCT), a niche company in the plastics recycling segment, looked like quite the titan in investors' eyes Tuesday. It earned the right to sell one of its products in a huge market, and as a result, people flocked to its stock. PureCycle closed the day over 12% higher in price, a performance more than sufficient to obliterate the S&P 500 index's 0.3% rise.
Tuesday morning, PureCycle announced that it obtained the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) certificate of compliance allowing it to sell its PureFive resin throughout the 27-country European Union (EU).
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Source Fool.com
