Energy Vault Shares Surge on CEO’s Major Purchase

A significant show of confidence from the top executive at Energy Vault Holdings, Inc. has ignited a powerful rally in the company’s stock. CEO Robert Piconi executed a substantial purchase of company shares, triggering a dramatic price increase and prompting questions about whether this insider optimism can overshadow recent financial performance.

The market responded forcefully to disclosure of the CEO’s latest investment. On Friday, Robert Piconi acquired 17,500 shares at an average price of $3.02, representing a commitment exceeding $50,000. This transaction marked his third major purchase within a matter of days, reinforcing his belief in the energy storage company’s prospects. Investors immediately embraced this demonstration of faith, driving the stock upward by 16 percent to reach $3.17—a new 52-week high. The... Read more...