If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,400 Today
Portfolio Pulse from Benzinga Insights
Cenovus Energy (NYSE:CVE) has delivered an average annual return of 18.61% over the past 5 years, outperforming the market by 4.91% on an annualized basis. A $1000 investment in CVE 5 years ago would be worth $2,423.90 today. The company's current market capitalization stands at $32.08 billion.
December 27, 2023 | 4:02 pm
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POSITIVE IMPACT
Cenovus Energy's stock has significantly outperformed the market with an 18.61% average annual return over the past 5 years, with a $1000 investment growing to $2,423.90.
The historical performance of Cenovus Energy is likely to instill confidence in investors, potentially attracting more interest in the stock. The strong past performance, especially when it outpaces the market, is often viewed positively by investors, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100