Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report)'s share price shot up 2.1% on Monday . The stock traded as high as $6.30 and last traded at $6.25. 25,136 shares were traded during mid-day trading, a decline of 65% from the average session volume of 72,387 shares. The stock had previously closed at $6.12.
Montana Technologies Stock Up 4.0 %
The stock has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $8.98.
Montana Technologies (NASDAQ:AIRJ - Get Free Report) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.24 EPS for the quarter.
Insider Activity
In related news, major shareholder John Yogi Spence bought 11,765 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of $8.50 per share, with a total value of $100,002.50. Following the transaction, the insider now owns 61,666 shares in the company, valued at approximately $524,161. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 40.39% of the company's stock.
Hedge Funds Weigh In On Montana Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of AIRJ. K2 Principal Fund L.P. purchased a new position in Montana Technologies in the 1st quarter worth about $948,000. Charles Schwab Investment Management Inc. boosted 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 worth $404,000 after buying an additional 8,714 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Montana Technologies during the 2nd quarter worth about $160,000. Finally, Quarry LP purchased a new position in Montana Technologies during the second quarter valued at $81,000. Institutional investors own 63.65% of the company's stock.
Montana Technologies Company Profile
(
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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