Here's How Much $1000 Invested In General Electric 5 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, General Electric (NYSE:GE) has outperformed the market with an annualized return of 22.3%, turning a $1000 investment into $2,774.56. Currently, GE has a market cap of $196.61 billion.
March 28, 2024 | 6:00 pm
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General Electric has demonstrated significant growth over the past 5 years, with a 22.3% annualized return, significantly outperforming the market.
The substantial growth in GE's stock value over the past 5 years, as highlighted by the 22.3% annualized return, indicates strong performance and potential for continued positive momentum. This performance, especially when compared to the broader market, suggests that GE's strategic decisions and market position have contributed positively to its valuation. Investors may view this historical performance as a positive indicator for future growth, potentially driving up demand for GE shares in the short term.
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