Here's How Much $1000 Invested In Shopify 5 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Shopify (NYSE:SHOP) has outperformed the market over the past 5 years by 23.81% on an annualized basis, producing an average annual return of 33.81%. If an investor had bought $1000 of SHOP stock 5 years ago, it would be worth $4,324.14 today.
June 28, 2023 | 9:32 pm
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Shopify's stock has shown strong performance over the past 5 years, outperforming the market by 23.81% on an annualized basis.
The article highlights the strong performance of Shopify's stock over the past 5 years. This strong performance, coupled with the company's current market capitalization of $82.65 billion, suggests that the company is in a strong financial position. This could potentially lead to further stock price increases in the short term.
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IMPORTANCE 80
RELEVANCE 100