JCI - Why Johnson Controls Stock Is Up Today
2024-05-20 11:52:00 ET
A prominent activist has reportedly taken a position in Johnson Controls International (NYSE: JCI) , which could be the first step toward pushing for change at a company that has underperformed of late.
Investors are intrigued, sending shares of Johnson Controls up as much as 5.8% on Monday morning and up 3% as of 11 a.m. ET.
Johnson Controls is a maker of climate-control, security, and other building products. The stock has underwhelmed of late. Shares of Johnson Controls are up just 12% over the last 12 months, including Monday's jump. By comparison, rivals Lennox International and Carrier Global are up 72% and 55%, respectively, over that time span.
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Why Johnson Controls Stock Is Up Today