Here's How Much $1000 Invested In GameStop 20 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, GameStop (NYSE:GME) has produced an average annual return of 9.85%, outperforming the market by 1.88% on an annualized basis. With a current market capitalization of $4.36 billion, a $1000 investment in GME 20 years ago would be worth $6,648.62 today. This showcases the impact of compounded returns on cash growth over time.
March 18, 2024 | 3:00 pm
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GameStop's 20-year performance demonstrates a significant return on investment, with a $1000 investment growing to $6,648.62, reflecting an average annual return of 9.85%.
The article highlights GameStop's strong performance over the past 20 years, outperforming the market and demonstrating the value of long-term investment strategies. This positive historical performance, especially in the context of its significant average annual return, is likely to be viewed favorably by investors and could lead to increased investor confidence in GME in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100