Here's How Much You Would Have Made Owning Nike Stock In The Last 20 Years
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Nike (NYSE:NKE) has produced an average annual return of 13.2%, outperforming the market by 5.79% on an annualized basis. A $1000 investment in Nike stock 20 years ago would be worth $11,987.80 today. Nike's current market capitalization stands at $157.02 billion.
January 04, 2024 | 5:00 pm
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Nike's stock has shown strong performance over the last 20 years with an average annual return of 13.2%, significantly outperforming the market.
The historical performance of Nike's stock is indicative of its strong market position and consistent growth over two decades. This track record may instill confidence in investors, potentially leading to a positive short-term impact on the stock price as it underscores the company's long-term value creation.
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RELEVANCE 100