Here's How Much $1000 Invested In Nike 20 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Nike (NYSE:NKE) has produced an average annual return of 13.5%, outperforming the market by 6.03% on an annualized basis. A $1000 investment in Nike 20 years ago would be worth $12,709.59 today. Nike's current market capitalization stands at $162.60 billion.
November 22, 2023 | 2:30 pm
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POSITIVE IMPACT
Nike's stock has shown strong performance over the past 20 years with an average annual return of 13.5%, significantly outperforming the market.
The historical performance data provided for Nike indicates a strong long-term growth trend, which can be a positive signal to investors. This information may reinforce investor confidence in the stock's potential for continued growth, albeit past performance is not indicative of future results.
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IMPORTANCE 70
RELEVANCE 100