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$100 Invested In This Stock 20 Years Ago Would Be Worth $1,000 Today

Published Nov 21, 2023 18:30 Updated Nov 21, 2023 19:40
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© Reuters. $100 Invested In This Stock 20 Years Ago Would Be Worth $1,000 Today
 
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Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years by 4.81% on an annualized basis producing an average annual return of 12.32%. Currently, Gilead Sciences has a market capitalization of $93.34 billion.

Buying $100 In GILD: If an investor had bought $100 of GILD stock 20 years ago, it would be worth $1,021.27 today based on a price of $74.91 for GILD at the time of writing.

Gilead Sciences's Performance Over Last 20 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.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

$100 Invested In This Stock 20 Years Ago Would Be Worth $1,000 Today
 

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