$100 Invested In This Stock 5 Years Ago Would Be Worth $300 Today
Portfolio Pulse from Benzinga Insights
Alphabet (NASDAQ:GOOGL) has delivered an average annual return of 21.39% over the past 5 years, outperforming the market by 10.24% on an annualized basis. A $100 investment in GOOGL 5 years ago would be worth $262.69 today. The company's market capitalization stands at $1.74 trillion, highlighting the significant impact of compounded returns on investment growth over time.
November 22, 2023 | 4:00 pm
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Alphabet (GOOGL) has shown strong performance with a 21.39% average annual return over the past 5 years, turning a $100 investment into $262.69 today.
The article highlights Alphabet's strong historical performance, which is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The emphasis on compounded returns and the substantial growth of an initial investment may attract more investors, potentially driving the price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100