Here's How Much $100 Invested In Nucor 10 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past decade, Nucor (NYSE:NUE) has delivered an average annual return of 13.03%, outperforming the market by 2.5% annually. A $100 investment in NUE 10 years ago would now be worth $338.34, showcasing the impact of compounded returns on investment growth. Nucor's current market capitalization stands at $41.99 billion.
April 29, 2024 | 7:30 pm
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Nucor has demonstrated significant growth over the past decade, with a $100 investment growing to $338.34, reflecting an average annual return of 13.03% and outperforming the market.
The article directly attributes the growth in value of Nucor's stock to its above-market average annual return of 13.03% over the past 10 years. This strong performance, coupled with the significant increase in investment value from $100 to $338.34, indicates a positive outlook for Nucor's stock in the short term. The company's current market capitalization of $41.99 billion further supports its strong position in the market.
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