$1000 Invested In This Stock 20 Years Ago Would Be Worth $8,500 Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Oracle (NYSE:ORCL) has produced an average annual return of 11.29%, outperforming the market by 3.75% on an annualized basis. A $1000 investment in ORCL 20 years ago would be worth $8,500.73 today. Oracle's market capitalization currently stands at $321.57 billion.
February 08, 2024 | 3:30 pm
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Oracle (NYSE:ORCL) has shown significant growth over the past 20 years, with a $1000 investment growing to $8,500.73, reflecting an average annual return of 11.29%.
The article highlights Oracle's strong performance over the past two decades, indicating a consistent and above-market average annual return. This historical performance, especially the significant growth of an initial $1000 investment, underscores Oracle's solid financial health and growth trajectory. Such a track record is likely to positively influence investor sentiment and could lead to increased investor confidence in ORCL, potentially driving its stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100