Shares of Sealed Air Corp (NYSE:SEE) ended Monday session in green amid volatile trading. The shares closed up +0.09 points or 0.20% at $44.72 with 614,400 shares getting traded. Post opening the session at $44.71, the shares hit an intraday low of $44.51 and an intraday high of $44.90 and the price vacillated in this range throughout the day. The company has a market cap of $8.86 billion and the numbers of outstanding shares have been calculated to be 196.70 million shares.
Sealed Air Corp (SEE) and SC Johnson & Son (SCJ) announced that they have reached a mutual agreement to end the existing business relating to Sealed Air’s distribution of SCJ branded products to the professional market under the existing Brand License Agreement (“BLA”).
The parties agreed that the BLA will expire on May 2, 2017, with the exception of Australia, New Zealand, Argentina, Chile, Czech Republic and Poland, where the BLA will expire on January 1, 2017.
Both parties are committed to maintaining a continuous supply of SCJ branded products to customers under the BLA.
Shares of PACCAR Inc (NASDAQ:PCAR) ended Monday session in red amid volatile trading. The shares closed down -0.01 points or -0.02% at $56.81 with 986,128 shares getting traded. Post opening the session at $56.89, the shares hit an intraday low of $56.75 and an intraday high of $57.19 and the price vacillated in this range throughout the day. The company has a market cap of $19.96 billion and the numbers of outstanding shares have been calculated to be 350.53 million shares.
PACCAR Inc (PCAR) launched exciting new power, torque and fuel efficiency enhancements to its MX-13 and MX-11 engines for North America. The new engines will be available in Kenworth and Peterbilt trucks in January 2017. “The PACCAR MX-13 and MX-11 engines are designed to deliver optimum performance, durability, fuel economy, and the lowest total cost of ownership for our customers,” said Landon Sproull, PACCAR vice president.
PACCAR increased the MX-13 engine’s output to 510 hp and 1,850 lb.-ft. of torque and increased the MX-11 engine’s output to 430 hp and 1,650 lb.-ft. of torque. The enhanced PACCAR MX-11 engine also adds a new 335 hp and 1,150 lb.-ft. torque rating in the lower end of the power range. PACCAR’s MX engines deliver peak torque at 900 RPM for the majority of engine ratings, supporting increased performance and driving flexibility.