PureCycle (PCT) Soars 10.3% on Football Playoff Exposure

We recently published 10 Big Names Delivering Outsized Gains. PureCycle Technologies Inc. (NASDAQ:PCT) was one of the top performers on Wednesday.

PureCycle Technologies jumped by 10.30 percent on Wednesday to finish at $11.46 apiece as investors took heart from news that it was participating in this year’s College Football Playoff National Championship, paving the way for a higher public exposure.

In a statement, PureCycle Technologies Inc. (NASDAQ:PCT) said that it teamed up with Churchill Container and 4ocean for the launch of a wide-ranging sustainability initiative at the said event, which would allow fans to purchase the Run It Back souvenir cups made with recycled plastic.

According to the company, every 20 cups sold during the event would help fund the removal of one pound of trash from the ocean.

“This collaboration represents a significant step forward in addressing plastic pollution at major sporting events, where single-use cups traditionally contribute to substantial waste. The Run It Back cups, made with recycled content, offer fans a durable, reusable alternative that reduces environmental impact while providing a lasting memento of college football’s biggest game,” PureCycle Technologies Inc. (NASDAQ:PCT) said.

“This collaboration builds on growing momentum across the sports industry to reduce environmental impact,” it added.

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Disclosure: None. This article is originally published at Insider Monkey.