$1000 Invested In This Stock 20 Years Ago Would Be Worth $19,000 Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Reliance (NYSE:RS) has produced an average annual return of 15.73%, outperforming the market by 7.86% annually. A $1000 investment in RS 20 years ago would now be worth $18,519.26. Reliance currently has a market capitalization of $19.19 billion.
March 29, 2024 | 6:30 pm
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Reliance (NYSE:RS) has shown significant growth over the past 20 years, with a $1000 investment growing to $18,519.26, reflecting an average annual return of 15.73%.
The substantial growth of Reliance over the past two decades, significantly outperforming the market, suggests a positive outlook for the stock. The historical performance, coupled with a strong market capitalization, indicates a potentially continued upward trajectory, making it an attractive asset for investors.
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