$100 Invested In Steel Dynamics 15 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 15 years, Steel Dynamics (NASDAQ:STLD) has produced an average annual return of 16.33%, outperforming the market by 4.15% on an annualized basis. A $100 investment in STLD 15 years ago would be worth $1,039.48 today. The company currently has a market capitalization of $21.01 billion.
April 26, 2024 | 2:30 pm
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Steel Dynamics has shown significant growth over the past 15 years, with a $100 investment growing to $1,039.48, reflecting an annual return of 16.33%.
The substantial growth in investment value over 15 years, coupled with an annual return that outperforms the market, indicates a positive outlook for Steel Dynamics. This historical performance, especially in a long-term investment scenario, suggests a strong and stable company, likely leading to continued investor confidence and potentially positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100