$1000 Invested In GameStop 5 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
$1000 invested in GameStop (NYSE:GME) 5 years ago would now be worth $7,340.05, showcasing an annualized return of 49.77% and outperforming the market by 36.76%. GameStop's current market capitalization stands at $4.77 billion.
May 07, 2024 | 2:32 pm
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A $1000 investment in GameStop 5 years ago would be worth $7,340.05 today, reflecting a significant outperformance with an annualized return of 49.77%.
The substantial growth in GameStop's stock value over the past 5 years, significantly outperforming the market, indicates a strong positive momentum for the stock. This historical performance, especially given the high annualized return rate, suggests a positive outlook for investors, potentially influencing short-term investor sentiment and stock price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100