$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,000 Today
Portfolio Pulse from Benzinga Insights
Devon Energy (NYSE:DVN) has delivered an average annual return of 15.08% over the past 5 years, outperforming the market by 1.14% annually. A $1000 investment in DVN 5 years ago would be worth $2,018.56 today, highlighting the power of compounded returns.
August 28, 2024 | 8:30 pm
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Devon Energy has shown strong performance over the past 5 years with a 15.08% average annual return, slightly outperforming the market. A $1000 investment 5 years ago would have doubled, emphasizing the benefits of compounded returns.
The article highlights Devon Energy's strong historical performance, which may positively influence investor sentiment and attract more interest in the stock, potentially driving the price up in the short term.
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