Montana Technologies (NASDAQ:AIRJ) Trading Up 3.7% – Here’s Why

Montana Technologies Co. (NASDAQ:AIRJ)’s share price shot up 3.7% during trading on Friday . The company traded as high as $9.02 and last traded at $9.02. 36,443 shares changed hands during trading, a decline of 53% from the average session volume of 78,253 shares. The stock had previously closed at $8.70.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright assumed coverage on shares of Montana Technologies in a research note on Friday, December 20th. They issued a “buy” rating and a $12.00 price objective on the stock.

Montana Technologies Stock Up 8.6 %

The stock’s 50 day moving average is $7.63 and its two-hundred day moving average is $8.01.

Institutional Trading of Montana Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AIRJ. Quarry LP acquired a new stake in Montana Technologies in the 2nd quarter valued at about $81,000. Charles Schwab Investment Management Inc. increased its position in shares of Montana Technologies by 14.3% in the 3rd 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. HighTower Advisors LLC purchased a new stake in shares of Montana Technologies during the 3rd quarter worth $342,000. Kovitz Investment Group Partners LLC acquired a new position in Montana Technologies in the third quarter valued at approximately $508,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Montana Technologies by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after buying an additional 4,905 shares in the last quarter. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

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.