Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report)'s share price rose 8.3% during trading on Monday . The company traded as high as $10.48 and last traded at $10.35. Approximately 46,306 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 70,563 shares. The stock had previously closed at $9.56.
Montana Technologies Stock Up 18.4 %
The business has a fifty day moving average price of $7.05 and a 200 day moving average price of $8.10.
Insider Buying and Selling
In other news, major shareholder John Yogi Spence bought 11,765 shares of Montana Technologies stock in a transaction dated Wednesday, September 18th. The stock was bought at an average cost of $8.50 per share, for a total transaction of $100,002.50. Following the purchase, the insider now directly owns 61,666 shares in the company, valued at approximately $524,161. This represents a 23.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 40.39% of the stock is currently owned by company insiders.
Institutional Trading of Montana Technologies
Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock valued at $1,086,000 after purchasing an additional 4,905 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Montana Technologies during the third quarter worth about $508,000. HighTower Advisors LLC purchased a new stake in Montana Technologies in the third quarter worth about $342,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Montana Technologies by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company's stock valued at $404,000 after purchasing an additional 8,714 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Montana Technologies during the second quarter valued at approximately $81,000. 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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