PCT
A whale-sized buy
Abundance apparently decided PureCycle wasn’t just interesting — it was worth a full-on haul. The firm acquired 6,722,837 shares, an estimated $55.99 million trade based on the quarter’s average price.
That’s not a casual nibble. That’s the kind of move that says, “We’ll take the whole plate, thanks.” In a heavily shorted stock like PureCycle, a big new buyer can turn up the pressure on anyone betting against the company.
Why investors care
When a big institution steps in with that much cash, the market tends to notice. It doesn’t guarantee the stock goes higher — Wall Street has plenty of ways to humble everyone — but it can change the vibe fast.
For PCT holders, the key question is whether this is a one-off portfolio move or a sign that smart money thinks the recovery story has more runway than skeptics expected.
Big picture: in a stock like PureCycle, a giant buy doesn’t just add shares — it adds fuel to the debate.