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Why Shares of PureCycle Technologies Are Soaring Today

TheMotleyFool

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Why Shares of PureCycle Technologies Are Soaring TodayPhoto, wide shot, wide-angle lens, Investment company, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/81ff9992-3b90-4de2-ac95-7385f4698b55.png

The S&P 500 and the Dow Jones Industrial Average may be lower today, but shares of PureCycle Technologies (NASDAQ: PCT) are flying higher. As of 10:44 a.m. EDT, the stock is up more than 15%.

Providing a second-quarter business update today, PureCycle, a company focused on polypropylene (a type of plastic) recycling, has investors excited with the company's progress in developing its recycling plants.

Image source: Getty Images.

Source Fool.com

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