Montana Technologies (NASDAQ:AIRJ) Shares Up 4% – Here’s What Happened

Montana Technologies Co. (NASDAQ:AIRJ) shot up 4% during trading on Monday . The stock traded as high as $8.28 and last traded at $8.07. 29,056 shares changed hands during trading, a decline of 54% from the average session volume of 63,381 shares. The stock had previously closed at $7.76.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AIRJ. Alliance Global Partners began coverage on shares of Montana Technologies in a research report on Monday, February 24th. They set a “buy” rating and a $11.00 price target for the company. HC Wainwright assumed coverage on Montana Technologies in a research note on Friday, December 20th. They issued a “buy” rating and a $12.00 price target for the company.

Montana Technologies Price Performance

The business has a 50-day moving average of $8.07 and a 200-day moving average of $7.41.

Institutional Trading of Montana Technologies

A number of institutional investors have recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC lifted its position in Montana Technologies by 19.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock worth $147,000 after buying an additional 3,000 shares during the last quarter. Geode Capital Management LLC increased its stake in 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 purchasing an additional 4,905 shares during the period. Northern Trust Corp increased its stake in Montana Technologies by 24.9% in the fourth quarter. Northern Trust Corp now owns 35,858 shares of the company’s stock worth $286,000 after purchasing an additional 7,150 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Montana Technologies by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock worth $404,000 after purchasing an additional 8,714 shares during the period. Finally, Millennium Management LLC purchased a new stake in Montana Technologies in the fourth quarter worth $85,000. 63.65% of the stock is currently owned by 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.