Ecoark (ZEST) Stock: Why It Increased 11.19% Today

By Amit Chowdhry ● Sep 21, 2022
  • The stock price of Ecoark (ZEST) increased by 11.19% today. This is why.

The stock price of Ecoark (ZEST) increased by 11.19% today. 

Why: Details revealed in a regulatory filing

Details: On September 16, 2022, Jay Puchir, the Chief Financial Officer and Treasurer of Ecoark Holdings, advised Enviro Technologies U.S. that he was resigning as Chief Executive Officer and President of Banner Midstream, a wholly owned subsidiary of Enviro and formerly a wholly owned subsidiary of the Company. Puchir remains Chief Financial Officer and Treasurer of the company. The company owns approximately 70% of the issued and outstanding shares of Enviro’s common stock. Plus the company has agreed to assume the rights and obligations of Banner Midstream under that certain Employment Agreement dated March 27, 2020 by and between Banner Midstream and Jay Puchir.