Montana Technologies (NASDAQ:AIRJ) Sees Unusually-High Trading Volume – What’s Next?

Montana Technologies Co. (NASDAQ:AIRJ) saw unusually-strong trading volume on Friday . Approximately 137,594 shares changed hands during mid-day trading, an increase of 95% from the previous session’s volume of 70,416 shares.The stock last traded at $10.24 and had previously closed at $8.82.

Montana Technologies Stock Performance

The business has a 50 day simple moving average of $6.94 and a 200 day simple moving average of $8.20.

Insider Buying and Selling

In other news, major shareholder John Yogi Spence purchased 11,765 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average price of $8.50 per share, for a total transaction of $100,002.50. Following the completion of the purchase, the insider now directly owns 61,666 shares of the company’s stock, valued at $524,161. The trade was a 23.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 40.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Montana Technologies

A number of large investors have recently modified their holdings of the company. Kovitz Investment Group Partners LLC purchased a new position in shares of Montana Technologies in the 3rd quarter valued at about $508,000. Quarry LP acquired a new position in shares of Montana Technologies in the 2nd quarter valued at $81,000. 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 valued at $1,086,000 after purchasing an additional 4,905 shares during the period. HighTower Advisors LLC acquired a new position in Montana Technologies in the 3rd quarter valued at about $342,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Montana Technologies by 14.3% during 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 last quarter. 63.65% of the stock is owned by hedge funds and other 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.