Montana Technologies (NASDAQ:AIRJ) Trading Up 8.3% – Should You Buy?

Montana Technologies Co. (NASDAQ:AIRJ) shot up 8.3% during mid-day trading on Monday . The stock traded as high as $10.48 and last traded at $10.35. 46,306 shares were traded during trading, a decline of 34% from the average session volume of 70,563 shares. The stock had previously closed at $9.56.

Montana Technologies Stock Down 10.0 %

The stock’s fifty day simple moving average is $7.13 and its 200 day simple moving average is $8.08.

Institutional Investors Weigh In On Montana Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC purchased a new stake in Montana Technologies in the 3rd quarter valued at $508,000. HighTower Advisors LLC acquired a new position in shares of Montana Technologies during the 3rd quarter valued at about $342,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Montana Technologies by 14.3% in 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 period. Quarry LP acquired a new stake in Montana Technologies during the second quarter worth about $81,000. Finally, Geode Capital Management LLC raised its stake in Montana Technologies by 2.7% during 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. Institutional investors and hedge funds 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.