Montana Technologies (NASDAQ:AIRJ) Shares Down 11.1% – What’s Next?

Shares of Montana Technologies Co. (NASDAQ:AIRJ) fell 11.1% during mid-day trading on Tuesday . The company traded as low as $9.81 and last traded at $10.06. 99,266 shares changed hands during trading, an increase of 37% from the average session volume of 72,376 shares. The stock had previously closed at $11.32.

Montana Technologies Price Performance

The company has a 50 day moving average price of $7.28 and a 200 day moving average price of $8.10.

Institutional Investors Weigh In On Montana Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in Montana Technologies in the 2nd quarter valued at $81,000. HighTower Advisors LLC bought 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% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock valued at $404,000 after buying an additional 8,714 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Montana Technologies during the third quarter worth about $508,000. Finally, Geode Capital Management LLC raised its holdings in shares of Montana Technologies by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock worth $1,086,000 after acquiring an additional 4,905 shares during the last quarter. 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.