Here's How Much $1000 Invested In Nucor 20 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Nucor (NYSE:NUE) has produced an average annual return of 13.43%, outperforming the market by 5.47% on an annualized basis. A $1000 investment in NUE 20 years ago would be worth $12,137.36 today, showcasing the impact of compounded returns over time. Nucor's current market capitalization stands at $47.50 billion.
April 11, 2024 | 6:00 pm
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Nucor has demonstrated significant growth over the past 20 years, with a $1000 investment growing to $12,137.36, reflecting an average annual return of 13.43%.
The article highlights Nucor's strong performance over the past two decades, significantly outperforming the market with an average annual return of 13.43%. This long-term growth trajectory suggests a positive outlook for Nucor, making it likely that the stock price will continue to be viewed favorably by investors in the short term.
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