Montana Technologies (NASDAQ:AIRJ) Shares Gap Down – What’s Next?

Montana Technologies Co. (NASDAQ:AIRJ) shares gapped down before the market opened on Monday . The stock had previously closed at $9.50, but opened at $9.29. Montana Technologies shares last traded at $9.67, with a volume of 3,949 shares trading hands.

Analyst Ratings Changes

Separately, HC Wainwright initiated coverage on Montana Technologies in a research note on Friday. They issued a “buy” rating and a $12.00 price target on the stock.

Montana Technologies Price Performance

The stock’s 50 day moving average price is $7.36 and its 200-day moving average price is $8.01.

Institutional Investors Weigh In On Montana Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC bought a new position in Montana Technologies during the third quarter valued at approximately $508,000. HighTower Advisors LLC purchased a new position in shares of Montana Technologies in the third quarter valued at $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 in the last quarter. Quarry LP purchased a new stake in Montana Technologies during the second quarter valued at $81,000. Finally, Geode Capital Management LLC lifted its position in Montana Technologies by 2.7% during the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after purchasing an additional 4,905 shares during the last quarter. 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.