Montana Technologies (NASDAQ:AIRJ) Shares Down 3.2% – Here’s Why

Montana Technologies Co. (NASDAQ:AIRJ)’s stock price was down 3.2% during mid-day trading on Thursday . The stock traded as low as $9.07 and last traded at $9.22. Approximately 9,576 shares were traded during trading, a decline of 88% from the average daily volume of 78,003 shares. The stock had previously closed at $9.52.

Analyst Ratings Changes

Separately, HC Wainwright started coverage on Montana Technologies in a report on Friday, December 20th. They set a “buy” rating and a $12.00 price target for the company.

Montana Technologies Stock Up 14.1 %

The company’s fifty day moving average price is $7.71 and its 200 day moving average price is $8.01.

Institutional Investors Weigh In On Montana Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC purchased a new position in shares of Montana Technologies in the 3rd quarter worth approximately $508,000. HighTower Advisors LLC bought a new stake in Montana Technologies during the third quarter worth $342,000. Charles Schwab Investment Management Inc. lifted its holdings in Montana Technologies by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock worth $404,000 after acquiring an additional 8,714 shares during the period. Quarry LP bought a new position in Montana Technologies in the 2nd quarter valued at $81,000. Finally, Geode Capital Management LLC increased its position in shares of Montana Technologies by 2.7% during the 3rd 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. Hedge funds and other institutional investors own 63.65% of the company’s stock.

Montana Technologies Company Profile

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.