$100 Invested In This Stock 20 Years Ago Would Be Worth $1,100 Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Nucor (NYSE:NUE) has produced an average annual return of 12.98%, outperforming the market by 5.27% on an annualized basis. A $100 investment in NUE 20 years ago would be worth $1,145.88 today, showcasing the impact of compounded returns over time. Nucor currently has a market capitalization of $45.89 billion.
February 23, 2024 | 3:30 pm
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Nucor has demonstrated significant growth over the past 20 years, with a $100 investment growing to $1,145.88, reflecting an average annual return of 12.98%.
The substantial growth of Nucor's stock over two decades, significantly outperforming the market, highlights the company's strong financial performance and the impact of compounded returns. This historical performance, coupled with a current market capitalization of $45.89 billion, suggests a positive outlook for Nucor's stock in the short term, as investors may be drawn to its proven track record of returns.
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