Energous Corp WATT shares are trading by $1.21 (7.3 percent) $18.06 in Tuesday's session. The catalyst for huge rally is a relatively small investment of $5 million from JT Group for Internet-Of-Things (IOT) connectivity.
After a higher open, it declined by $0.12 to $17.03 before continuing its move higher. So far, the ensuing rally has reached $18.61. That marks the highest level for the issue since it peaked on December 28 at $19.05.
The issue has been unable to hold the elevated level and has fallen back into the lower $18 handle.
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