If You Invested $1000 In This Stock 5 Years Ago, You Would Have $4,900 Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, Shopify (NYSE:SHOP) has delivered an average annual return of 37.59%, outperforming the market by 24.87% on an annualized basis. A $1000 investment in SHOP 5 years ago would be worth $4,930.89 today. Shopify's market capitalization currently stands at $98.96 billion.
January 19, 2024 | 5:00 pm
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Shopify's stock has significantly outperformed the market with a 37.59% average annual return over the past 5 years, turning a $1000 investment into $4,930.89.
The historical performance data provided in the article highlights Shopify's strong growth over the past 5 years, which can positively influence investor sentiment and potentially attract more investors looking for high-growth stocks. This past performance, while not indicative of future results, can still impact short-term stock price as it underscores the company's track record of success.
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