Montana Technologies (NASDAQ:AIRJ) Trading Up 8.3% – Here’s Why

Montana Technologies Co. (NASDAQ:AIRJ) shares were up 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 Price Performance

The business has a fifty day moving average of $7.13 and a 200 day moving average of $8.08.

Hedge Funds Weigh In On Montana Technologies

Several large investors have recently modified their holdings of the business. 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 worth $1,086,000 after purchasing an additional 4,905 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Montana Technologies in the third quarter valued at about $508,000. Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 8,714 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Montana Technologies during the third quarter valued at about $342,000. Finally, Quarry LP purchased a new stake in shares of Montana Technologies in the 2nd quarter valued at approximately $81,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

About Montana Technologies

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.