PureCycle Technologies Sees Unusually Large Options Volume (NASDAQ:PCT)

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PureCycle Technologies (NASDAQ:PCT) experienced unusually high call option volume on Tuesday, with investors purchasing 26,715 call options, a 115% increase over the typical daily volume. This surge in bullish options activity comes despite the company reporting a significant earnings and revenue miss and demonstrating severely negative profitability. Shares are trading near their 12-month low, yet analysts maintain a “Moderate Buy” rating with an average price target of $13.00.

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