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

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

Analyst Upgrades and Downgrades

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 target price for the company.

Montana Technologies Trading Down 5.5 %

The company’s 50-day moving average is $7.58 and its two-hundred day moving average is $8.00.

Hedge Funds Weigh In On Montana Technologies

A number of hedge funds have recently bought and sold shares of AIRJ. Geode Capital Management LLC grew its stake in shares of Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock worth $1,086,000 after acquiring an additional 4,905 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in shares of Montana Technologies in the third quarter worth $508,000. HighTower Advisors LLC bought a new stake in shares of Montana Technologies during the 3rd quarter valued at $342,000. Charles Schwab Investment Management Inc. boosted its holdings in Montana Technologies by 14.3% in the 3rd 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. Finally, Quarry LP purchased a new stake in Montana Technologies in the 2nd quarter worth $81,000. 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.