Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) shot up 2.8% on Monday . The stock traded as high as $9.00 and last traded at $8.58. 121,762 shares traded hands during trading, an increase of 74% from the average session volume of 70,067 shares. The stock had previously closed at $8.35.
Montana Technologies Stock Performance
The firm has a 50 day moving average of $6.67 and a two-hundred day moving average of $8.34.
Insider Transactions at Montana Technologies
In related news, major shareholder John Yogi Spence acquired 11,765 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of $8.50 per share, for a total transaction of $100,002.50. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 40.39% of the company's stock.
Institutional Investors Weigh In On Montana Technologies
Several hedge funds have recently made changes to their positions in AIRJ. Quarry LP acquired a new position in Montana Technologies in the 2nd quarter valued at approximately $81,000. HighTower Advisors LLC bought a new stake in shares of Montana Technologies during the third quarter valued at approximately $342,000. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 8,714 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Montana Technologies in the third quarter worth $508,000. Finally, Geode Capital Management LLC boosted its stake in 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 buying an additional 4,905 shares in the last quarter. 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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