If You Invested $1000 In This Stock 20 Years Ago, You Would Have $9,400 Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Nike (NYSE:NKE) has delivered an average annual return of 11.91%, outperforming the market by 3.96% on an annualized basis. A $1000 investment in NKE 20 years ago would be worth $9,386.85 today. Nike's market capitalization currently stands at $137.32 billion.
April 04, 2024 | 2:31 pm
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Nike has shown a strong performance over the past 20 years with an 11.91% average annual return, significantly outperforming the market.
The historical performance of Nike over the past 20 years, as detailed in the article, highlights the company's ability to generate substantial returns for investors, outpacing the broader market. This long-term track record of outperformance is likely to be viewed positively by investors, potentially leading to increased investor confidence and demand for NKE shares in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100