Here's How Much You Would Have Made Owning Fastenal Stock In The Last 15 Years
Portfolio Pulse from Benzinga Insights
Over the past 15 years, Fastenal (NASDAQ:FAST) has produced an average annual return of 14.66%, outperforming the market by 2.87% on an annualized basis. With a current market capitalization of $37.35 billion, a $1000 investment in FAST 15 years ago would be worth $8,081.63 today. The article highlights the impact of compounded returns on investment growth over time.
December 25, 2023 | 2:30 pm
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Fastenal has demonstrated strong performance with an average annual return of 14.66% over the past 15 years, significantly outpacing the market.
The historical performance of Fastenal is indicative of the company's strong past growth and may positively influence investor sentiment. However, past performance is not always indicative of future results, but it can still impact short-term stock movements as investors may view the company as a potentially solid long-term investment.
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