Montana Technologies (NASDAQ:AIRJ) Shares Down 3.2% – Time to Sell?

Montana Technologies Co. (NASDAQ:AIRJ) was down 3.2% during trading on Thursday . The company traded as low as $9.07 and last traded at $9.22. Approximately 9,576 shares were traded during mid-day 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 assumed coverage on shares of Montana Technologies in a report on Friday, December 20th. They set a “buy” rating and a $12.00 price objective for the company.

Montana Technologies Stock Down 5.5 %

The business’s fifty day simple moving average is $7.58 and its 200-day simple moving average is $8.00.

Institutional Investors Weigh In On Montana Technologies

A number of hedge funds have recently made changes to their positions in AIRJ. Quarry LP purchased a new stake in shares of Montana Technologies during the 2nd quarter worth approximately $81,000. HighTower Advisors LLC purchased a new stake in Montana Technologies during the third quarter valued at $342,000. Charles Schwab Investment Management Inc. lifted its position 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 valued at $404,000 after purchasing an additional 8,714 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Montana Technologies in the 3rd quarter worth $508,000. Finally, Geode Capital Management LLC grew its stake 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 worth $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.