JCI - Why Johnson Controls Stock Is Up Monday | Benzinga
Johnson Controls International (NYSE:JCI) shares are trading higher Monday following reports that Elliott Investment Management acquired a large stake in the company.
The Details: Activist investor Elliott Investment has amassed a position in Johnson Controls valued at over $1 billion, according to Bloomberg.
The report indicates that Elliott Investment is now one of the top 10 investors in the company. The news appears to be sparking ...