CG Stocks News Ring! General Motors (GM), Johnson Controls International plc (JCI)
Shares of General Motors Company (NYSE:GM) ended Monday session in red amid volatile trading. The shares closed down -0.19 points or -0.59% at $32.15 with 6.09 million shares getting traded. Post opening the session at $32.31, the shares hit an intraday low of $32.12 and an intraday high of $32.60 and the price vacillated in this range throughout the day. The company has a market cap of $49.92 billion and the numbers of outstanding shares have been calculated to be 1.56 billion shares.
General Motors Company (GM) announced that it will release its third quarter 2016 financial results on Tuesday, Oct. 25 at approximately 7:30 a.m. EDT.
A press release, financial highlights and presentation slides with notes will be available on the company’s Investor Relations website, http://investor.gm.com in the Earnings Release section, and on GM’s media website, http://media.gm.com.
GM will host a conference call for financial analysts at 10 a.m. EDT to review the results and answer questions. The call-in numbers are:
Conference Call Name: GM Earnings Call
Please dial in at least 15 minutes in advance to ensure timely connection to the call. Audio webcast and taped replay information is available on the GM Investor Relations website.
Shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) ended Monday session in red amid volatile trading. The shares closed down -0.55 points or -1.21% at $44.74 with 3.74 million shares getting traded. Post opening the session at $45.45, the shares hit an intraday low of $44.68 and an intraday high of $45.65 and the price vacillated in this range throughout the day. The company has a market cap of $42.38 billion and the numbers of outstanding shares have been calculated to be 935.79 million shares.
Johnson Controls Inc (JCI) announced its board of directors has approved the previously announced spin-off of its global automotive seating and interiors business. The transaction will result in two independent, publicly traded companies: Johnson Controls International plc and Adient plc. The spin-off is expected to be completed on Oct. 31, 2016.
At the time of the separation, Adient will be the world’s largest global automotive seating supplier, supporting all major automakers in differentiating vehicles through superior quality, technology and performance. Johnson Controls will continue to operate as a global leader in building products and technology, integrated solutions and energy storage.