Shares of Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) dropped 11.1% during trading on Tuesday . The stock traded as low as $9.81 and last traded at $10.06. Approximately 99,266 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 72,376 shares. The stock had previously closed at $11.32.
Montana Technologies Stock Performance
The business has a 50-day moving average price of $7.13 and a two-hundred day moving average price of $8.08.
Insider Buying and Selling
In related news, major shareholder John Yogi Spence acquired 11,765 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of $8.50 per share, with a total value of $100,002.50. Following the completion of the acquisition, the insider now owns 61,666 shares in the company, valued at $524,161. This trade represents a 23.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 40.39% of the company's stock.
Institutional Investors Weigh In On Montana Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Montana Technologies by 2.7% during the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock worth $1,086,000 after purchasing an additional 4,905 shares in the last quarter. Quarry LP purchased a new position in Montana Technologies during the 2nd quarter worth approximately $81,000. Charles Schwab Investment Management Inc. grew its stake in 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. HighTower Advisors LLC acquired a new position in Montana Technologies during the third quarter worth approximately $342,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Montana Technologies in the third quarter valued at approximately $508,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.
About Montana Technologies
(
Get Free Report)
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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