AirJoule Technologies (NASDAQ:AIRJ) Shares Down 0.2% - Here's What Happened

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) dropped 0.2% during mid-day trading on Wednesday . The company traded as low as $4.60 and last traded at $4.79. Approximately 81,455 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 87,991 shares. The stock had previously closed at $4.80.

Analyst Ratings Changes

Separately, HC Wainwright reissued a "buy" rating and set a $12.00 price target on shares of AirJoule Technologies in a research report on Thursday, March 27th.

AirJoule Technologies Trading Up 0.6%

The stock has a market cap of $262.08 million, a price-to-earnings ratio of 6.41 and a beta of 0.43. The firm's 50 day moving average is $4.47 and its two-hundred day moving average is $6.21.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.04. As a group, equities analysts expect that AirJoule Technologies Corporation will post 4.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Stephen S. Pang sold 7,635 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $4.23, for a total transaction of $32,296.05. Following the sale, the chief financial officer owned 15,490 shares in the company, valued at $65,522.70. This trade represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 15,036 shares of company stock valued at $63,602. Insiders own 58.00% of the company's stock.

Institutional Trading of AirJoule Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd acquired a new position in AirJoule Technologies in the first quarter valued at $46,000. OMERS ADMINISTRATION Corp acquired a new position in shares of AirJoule Technologies in the 1st quarter valued at about $50,000. Millennium Management LLC acquired a new position in shares of AirJoule Technologies in the 4th quarter valued at about $85,000. Bank of America Corp DE grew its holdings in shares of AirJoule Technologies by 8,851.2% during the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company's stock worth $89,000 after purchasing an additional 11,064 shares during the period. Finally, Jane Street Group LLC acquired a new stake in AirJoule Technologies during the 4th quarter worth approximately $117,000. Hedge funds and other institutional investors own 63.65% of the company's stock.

About AirJoule 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.