Ingersoll Rand Inc.’s Stock Price Plummets to $86.72, Registering a Sharp 6.6% Decline: Time to Sell or Buy?

Ingersoll Rand Inc. (IR)

86.72 USD -6.13 (-6.60%) Volume: 6.85M

Discover Ingersoll Rand Inc.’s stock price performance, currently trading at 86.72 USD with a trading session drop of -6.60%. Despite the daily fluctuation, IR showcases a positive YTD growth of +12.13% with a significant trading volume of 6.85M, indicating a robust investor interest.

Latest developments on Ingersoll Rand Inc.

Despite facing losses on the day, Ingersoll Rand Inc. stock has managed to outperform competitors, illustrating the company’s resilience. The air compressor maker’s Q1 earnings topped estimates, although it missed revenue predictions due to muted demand. Ingersoll Rand reported record first quarter 2024 revenue, adjusted EBITDA, and adjusted EPS performance, leading to a raised 2024 guidance and portfolio expansion. However, the stock underperformed on Thursday compared to competitors, and Russell Investments Group Ltd. trimmed its holdings in the company.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma