Here's How Much You Would Have Made Owning Novo Nordisk Stock In The Last 10 Years
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Novo Nordisk (NYSE:NVO) has produced an average annual return of 18.6%, outperforming the market by 8.65% on an annualized basis. With a current market capitalization of $431.96 billion, a $100 investment in NVO stock a decade ago would be worth $546.12 today. The article highlights the significant impact of compounded returns on investment growth over time.
December 08, 2023 | 3:31 pm
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Novo Nordisk has significantly outperformed the market with an 18.6% average annual return over the past decade, and a $100 investment then is now worth $546.12.
The article directly relates to Novo Nordisk's stock performance over the past decade, emphasizing its strong returns. This positive historical performance data is likely to instill confidence in investors and could lead to a short-term positive sentiment, potentially driving the stock price up.
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