Shares of Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $8.43, but opened at $8.97. Montana Technologies shares last traded at $9.10, with a volume of 9,566 shares changing hands.
Analyst Upgrades and Downgrades
Separately, HC Wainwright initiated coverage on Montana Technologies in a report on Friday, December 20th. They issued a "buy" rating and a $12.00 price objective on the stock.
Get Our Latest Research Report on Montana Technologies
Montana Technologies Stock Performance
The business's 50-day simple moving average is $7.90 and its two-hundred day simple moving average is $7.91.
Hedge Funds Weigh In On Montana Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in AIRJ. Kovitz Investment Group Partners LLC purchased a new position in Montana Technologies in the third quarter valued at about $508,000. Charles Schwab Investment Management Inc. grew its stake in shares of Montana Technologies by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company's stock valued at $404,000 after buying an additional 8,714 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Montana Technologies during the 3rd quarter valued at about $342,000. Quarry LP acquired a new position in Montana Technologies during the 2nd quarter worth approximately $81,000. Finally, Geode Capital Management LLC boosted its holdings in Montana Technologies by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock worth $1,086,000 after acquiring an additional 4,905 shares during the period. 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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