If You Invested $1000 In This Stock 20 Years Ago, You Would Have $17,000 Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, ResMed (NYSE:RMD) has delivered an average annual return of 15.05%, outperforming the market. A $1000 investment in RMD 20 years ago would be worth $16,731.52 today. ResMed currently has a market cap of $25.31 billion.
December 14, 2023 | 2:31 pm
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POSITIVE IMPACT
ResMed's stock has shown strong long-term performance with a significant return on investment over 20 years, indicating a stable and growing company.
The historical performance of ResMed is indicative of its strong market position and consistent growth over two decades. This track record is likely to instill confidence in investors, potentially leading to a positive short-term impact on the stock price as it highlights the company's success and could attract long-term investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100