Energy Vault Holdings is trading 5.4% down at $3.08 as the stock pulls back for a second consecutive session following a sharp rally earlier this week.
- The recent surge was driven by Citigroup upgrading the stock to Buy with a $5.00 price target.
- Traders appear to be locking in profits and reassessing the bullish call as the initial momentum from the upgrade fades.
- There are no new company-specific catalysts or earnings reports released today to account for the downward move.