$1000 Invested In This Stock 5 Years Ago Would Be Worth $4,600 Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, GameStop (NYSE:GME) has significantly outperformed the market, with an annualized return of 22.83% and an average annual return of 35.58%. A $1000 investment in GME 5 years ago would now be worth $4,612.99. GameStop's market capitalization currently stands at $4.09 billion.
February 23, 2024 | 4:00 pm
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GameStop's stock has shown remarkable growth over the past 5 years, with a $1000 investment growing to $4,612.99, reflecting an average annual return of 35.58%.
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, coupled with the current market capitalization of $4.09 billion, indicates a positive outlook for GME in the short term. However, investors should consider market volatility and the unique factors that have influenced GameStop's stock in recent years.
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