Here's How Much You Would Have Made Owning Commercial Metals Stock In The Last 5 Years
Portfolio Pulse from Benzinga Insights
Commercial Metals (NYSE:CMC) has delivered an average annual return of 26.31% over the past 5 years, outperforming the market by 14.6%. With a current market cap of $6.22 billion, a $1000 investment in CMC 5 years ago would be worth $3,125.72 today.
May 01, 2024 | 2:00 pm
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POSITIVE IMPACT
Commercial Metals has significantly outperformed the market with a 26.31% average annual return over the past 5 years.
The substantial outperformance of Commercial Metals compared to the market, as indicated by its 26.31% average annual return over 5 years, suggests a strong positive sentiment and operational success. This historical performance, especially the significant growth of an initial $1000 investment to $3,125.72, highlights the company's value creation for its investors. Given this track record, the short-term impact on CMC's stock could be positive as investors may view the company's past performance as indicative of its future potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100