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CG Stocks Updates= GoPro Inc (GPRO), Johnson Controls Inc (JCI)

Shares of GoPro Inc (NASDAQ:GPRO) ended Tuesday session in green amid volatile trading. The shares closed up +0.15 points or 0.90% at $16.89 with 11.13 million shares getting traded. Post opening the session at $16.83, the shares hit an intraday low of $16.60 and an intraday high of $17.62 and the price vacillated in this range throughout the day. The company has a market cap of $2.36 billion and the numbers of outstanding shares have been calculated to be 102.94 million shares.

GoPro Inc (GPRO) announced its new cloud-connected cameras – HERO5 Black and HERO5 Session are now available at select stores and online retailers as well as at GoPro.com.

GoPro’s all-new HERO5 line of cameras can auto-upload photos and videos to GoPro Plus*, a cloud-based subscription service that makes it easy to access, edit and share GoPro content anytime, anywhere using a mobile phone or computer. Additionally, HERO5 cameras are now waterproof to 33 feet without the need for a separate waterhousing and feature voice control, image stabilization, simplified controls, and improved battery life. Also new to both HERO5 cameras is the ability to capture non-fisheye perspectives as well as the traditional wide-angle look GoPro has become famous for. Both HERO5 Black and HERO5 Session are compatible with GoPro’s new Karma drone and handheld stabilization system, available on-shelf and online October 23, 2016.

Shares of Johnson Controls Inc (NYSE:JCI) ended Tuesday session in red amid volatile trading. The shares closed down -0.87 points or -1.88% at $45.47 with 4.64 million shares getting traded. Post opening the session at $46.40, the shares hit an intraday low of $45.25 and an intraday high of $46.53 and the price vacillated in this range throughout the day. The company has a market cap of $43.36 billion and the numbers of outstanding shares have been calculated to be 935.79 million shares.

Johnson Controls Inc (JCI) announced that the Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by its automotive seating and interiors business, Adient, in connection with its spin-off from Johnson Controls.

The effectiveness of the Form 10 is one of the final important steps towards completing the separation, which is set to occur on October 31, 2016 through a distribution to Johnson Controls shareholders of one ordinary share of Adient for every 10 ordinary shares of Johnson Controls held as of the close of business on Oct. 19, 2016, the record date for the distribution.

Adient ordinary shares are expected to begin trading on the New York Stock Exchange (NYSE) on Oct. 31, 2016 under the symbol “ADNT.”  The company expects “when-issued” trading for Adient ordinary shares to begin Oct. 17, 2016 and continue through Oct. 28, 2016.

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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