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Why Shares in Johnson Controls Soared in October

Why Shares in Johnson Controls Soared in October

Shares in building technology and heating, ventilation, and air conditioning (HVAC) company Johnson Controls (NYSE: JCI) rose by 17.5% in October, according to data provided by S&P Global Market Intelligence. The move comes as part of a general rise in the S&P 500 index in the month (up 8%) and a growing realization among investors that Johnson Controls is heading for a strong year. In addition, Johnson Controls' solutions help building owners increase building efficiency and meet their net-zero carbon emissions goals.