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$100 Invested In Novo Nordisk 10 Years Ago Would Be Worth This Much Today

Published 03/06/2024, 19:30
Updated 03/06/2024, 20:40
$100 Invested In Novo Nordisk 10 Years Ago Would Be Worth This Much Today
NVO
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Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Novo Nordisk (NYSE:NVO) has outperformed the market over the past 10 years by 9.41% on an annualized basis producing an average annual return of 19.79%. Currently, Novo Nordisk has a market capitalization of $595.70 billion.

Buying $100 In NVO: If an investor had bought $100 of NVO stock 10 years ago, it would be worth $626.97 today based on a price of $133.73 for NVO at the time of writing.

Novo Nordisk's Performance Over Last 10 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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