Why Shares in Johnson Controls Fell More Than 10% in January
Shares of building products company Johnson Controls (NYSE: JCI) declined 10.6% in January, according to data provided by S&P Global Market Intelligence. The decline came in line with a general market sell-off and a more pronounced sell-off in building product companies.
The sector underperformed mainly due to worsening sentiment around the extra supply chain and raw material costs likely to be incurred due to the resurgence of coronavirus cases over the winter.
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Source Fool.com
