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$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,800 Today

Benzinga ·  Nov 23, 2023 04:30

Ingersoll Rand (NYSE:IR) has outperformed the market over the past 5 years by 12.54% on an annualized basis producing an average annual return of 23.68%. Currently, Ingersoll Rand has a market capitalization of $28.63 billion.

Buying $1000 In IR: If an investor had bought $1000 of IR stock 5 years ago, it would be worth $2,833.33 today based on a price of $70.72 for IR at the time of writing.

Ingersoll Rand's Performance Over Last 5 Years

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Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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