$1000 Invested In This Stock 15 Years Ago Would Be Worth $12,000 Today
Portfolio Pulse from Benzinga Insights
Over the past 15 years, Applied Industrial Techs (NYSE:AIT) has produced an average annual return of 17.78%, outperforming the market by 4.43% on an annualized basis. A $1000 investment in AIT 15 years ago would be worth $11,667.50 today. The company currently has a market capitalization of $7.21 billion, highlighting the significant impact of compounded returns on investment growth over time.
February 21, 2024 | 7:00 pm
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Applied Industrial Techs (AIT) has shown remarkable growth over the past 15 years, with a $1000 investment growing to $11,667.50, reflecting an average annual return of 17.78%.
The significant growth in AIT's stock value over the past 15 years, as highlighted by the article, is likely to generate positive investor sentiment and attract more attention to the stock. The historical performance, coupled with the current market capitalization of $7.21 billion, underscores the company's strong market position and the potential for continued growth. This positive outlook is expected to have a short-term positive impact on AIT's stock price.
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