If You Invested $1000 In This Stock 15 Years Ago, You Would Have $10,000 Today
Portfolio Pulse from Benzinga Insights
Over the past 15 years, Nike (NYSE:NKE) has delivered an average annual return of 16.31%, outperforming the market by 3.34% on an annualized basis. A $1000 investment in NKE 15 years ago would be worth $10,013.35 today, showcasing the impact of compounded returns on investment growth. Nike's current market capitalization stands at $159.32 billion.
February 13, 2024 | 9:00 pm
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Nike has shown significant growth over the past 15 years, with a $1000 investment growing to $10,013.35, reflecting an average annual return of 16.31%.
The article highlights Nike's strong performance over the past 15 years, significantly outperforming the market. This historical performance, coupled with a substantial market capitalization, suggests a positive outlook for Nike's stock in the short term, as it demonstrates the company's ability to generate value for its investors over a long period.
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