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 story : Ingersoll Rand stock jumps toward a record after .7 billion deal to sell Club Car #FinanceUSA #StockMarketNEWS Shares of Ingersoll Rand Inc. shot up 4.8% toward record territory in premarket trading

@stockMarketNEWS Tue 13 Apr, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Ingersoll Rand stock jumps toward a record after .7 billion deal to sell Club Car #FinanceUSA #StockMarketNEWS
Shares of Ingersoll Rand Inc. shot up 4.8% toward record territory in premarket trading Monday, after the diversified industrial company announced a deal to sell Club Car for about .7 billion in cash to Platinum Equity. Club Car makes golf cars and other personal transportation and low-speed vehicles. "Demand for electric vehicles across many product platforms and geographies is at an all-time high," said Club Car President Mark Wagner. "Golf remains a very stable, healthy business while our consumer and commercial markets are rapidly growing around the world." Ingersoll Rand's stock, which is on track to open above the March 15 record close of .76, has rallied 11.0% year to date through Friday while the S&P 500 has gained 9.9%.


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