Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $9.50, but opened at $9.29. Montana Technologies shares last traded at $9.67, with a volume of 3,949 shares.
Wall Street Analyst Weigh In
Separately, HC Wainwright initiated coverage on shares of Montana Technologies in a report on Friday. They set a "buy" rating and a $12.00 target price on the stock.
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Montana Technologies Price Performance
The company has a 50-day moving average price of $7.36 and a 200 day moving average price of $8.01.
Institutional Trading of Montana Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in AIRJ. Kovitz Investment Group Partners LLC acquired a new position in shares of Montana Technologies during the third quarter worth about $508,000. HighTower Advisors LLC acquired a new position in Montana Technologies during the third quarter worth $342,000. Charles Schwab Investment Management Inc. raised its stake in shares of Montana Technologies by 14.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company's stock worth $404,000 after buying an additional 8,714 shares during the last quarter. Quarry LP purchased a new stake in shares of Montana Technologies in the 2nd quarter worth about $81,000. Finally, Geode Capital Management LLC grew its stake in Montana Technologies by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock valued at $1,086,000 after acquiring an additional 4,905 shares during the last quarter. Institutional investors and hedge funds own 63.65% of the company's stock.
Montana Technologies Company Profile
(
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Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.
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