$100 Invested In Nike 20 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Nike (NYSE:NKE) has produced an average annual return of 12.31%, outperforming the market by 4.65% on an annualized basis. A $100 investment in Nike 20 years ago would be worth $1,031.44 today. Nike's current market capitalization stands at $143.10 billion.
April 18, 2024 | 5:30 pm
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A $100 investment in Nike 20 years ago would now be worth $1,031.44, with the company achieving an average annual return of 12.31% and outperforming the market by 4.65% on an annualized basis.
The significant appreciation in Nike's stock value over the past 20 years, as highlighted by the substantial growth of a $100 investment into $1,031.44, underscores the company's strong performance and its ability to generate above-market returns. This historical performance is likely to positively influence investor perception and could contribute to a short-term positive sentiment towards NKE stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100