Why Shares of PureCycle Technologies Are Soaring Today

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.

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Source Fool.com