Montana Technologies (NASDAQ:AIRJ) Trading Up 2.1% – Time to Buy?

Montana Technologies Co. (NASDAQ:AIRJ)’s share price was up 2.1% on Monday . The company traded as high as $6.30 and last traded at $6.25. Approximately 25,136 shares were traded during trading, a decline of 65% from the average daily volume of 72,387 shares. The stock had previously closed at $6.12.

Montana Technologies Stock Up 2.1 %

The company has a 50 day moving average of $6.00 and a 200-day moving average of $8.98.

Montana Technologies (NASDAQ:AIRJ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.24 earnings per share for the quarter.

Insiders Place Their Bets

In related news, major shareholder John Yogi Spence bought 11,765 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $8.50 per share, with a total value of $100,002.50. Following the purchase, the insider now owns 61,666 shares of the company’s stock, valued at approximately $524,161. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 40.39% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP bought a new position in Montana Technologies in the second quarter worth $81,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Montana Technologies in the 2nd quarter worth about $160,000. Finally, K2 Principal Fund L.P. bought a new position in shares of Montana Technologies in the 1st quarter worth about $948,000. 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.