Here's How Much $100 Invested In Reliance Steel & Aluminum 10 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Reliance Steel & Aluminum (NYSE:RS) has produced an average annual return of 15.08%, outperforming the market by 4.53% on an annualized basis. A $100 investment in RS 10 years ago would be worth $407.34 today. The company currently has a market capitalization of $17.22 billion.
February 12, 2024 | 4:30 pm
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Reliance Steel & Aluminum has shown significant growth over the past decade, with a $100 investment growing to $407.34, reflecting a strong average annual return of 15.08%.
The substantial growth in investment value from $100 to $407.34 over a decade, coupled with an average annual return of 15.08%, indicates a strong performance by Reliance Steel & Aluminum. This performance not only highlights the company's success in generating value for its investors but also suggests a positive outlook for its future market performance, assuming the company continues on its current trajectory.
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IMPORTANCE 90
RELEVANCE 100