Here's How Much $1000 Invested In Ingersoll Rand 5 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Ingersoll Rand (NYSE:IR) has delivered an average annual return of 20.86% over the past 5 years, outperforming the market by 8.47% annually. A $1000 investment in IR 5 years ago would now be worth $2,646.72, showcasing the impact of compounded returns on investment growth. Ingersoll Rand's current market capitalization stands at $35.70 billion.
May 06, 2024 | 9:00 pm
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Ingersoll Rand has shown significant growth over the past 5 years with an average annual return of 20.86%, significantly outperforming the market.
The article highlights Ingersoll Rand's impressive performance over the past 5 years, with an annualized return outperforming the market. This consistent growth and the significant increase in investment value from $1000 to $2,646.72 indicate a strong market position and investor confidence, likely leading to a positive short-term impact on IR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100