$1000 Invested In This Stock 5 Years Ago Would Be Worth $5,300 Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, GameStop (NYSE:GME) has significantly outperformed the market, with an annualized return of 26.31% and an average annual return of 39.07%, turning a $1000 investment into $5,316.81. GameStop's market capitalization stands at $4.37 billion.
February 09, 2024 | 5:00 pm
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GameStop's stock has shown remarkable growth over the past 5 years, with a $1000 investment growing to $5,316.81, reflecting an annualized return of 26.31% and an average annual return of 39.07%.
The significant growth in GameStop's stock value over the past 5 years, as highlighted by the article, suggests a strong performance that has outpaced the market. This historical performance, especially given the high annualized and average annual returns, indicates a positive outlook for the stock in the short term, assuming the trend continues. However, investors should also consider market conditions and company fundamentals before making investment decisions.
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