Montana Technologies (NASDAQ:AIRJ) Shares Gap Up – Here’s What Happened

Montana Technologies Co. (NASDAQ:AIRJ) gapped up before the market opened on Monday . The stock had previously closed at $8.43, but opened at $8.97. Montana Technologies shares last traded at $9.10, with a volume of 9,566 shares changing hands.

Wall Street Analyst Weigh In

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

Montana Technologies Stock Performance

The business’s 50 day moving average is $7.99 and its two-hundred day moving average is $7.89.

Institutional Trading of Montana Technologies

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 4,905 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Montana Technologies during the third quarter valued at approximately $508,000. HighTower Advisors LLC bought a new position in Montana Technologies during the third quarter valued at approximately $342,000. Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 8,714 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Montana Technologies during the 2nd quarter worth approximately $81,000. Hedge funds and other institutional investors 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.