Benzinga - by Benzinga Insights, Benzinga Staff Writer.
Biogen (NASDAQ:BIIB) has outperformed the market over the past 20 years by 3.66% on an annualized basis producing an average annual return of 11.04%. Currently, Biogen has a market capitalization of $38.16 billion.
Buying $1000 In BIIB: If an investor had bought $1000 of BIIB stock 20 years ago, it would be worth $8,115.48 today based on a price of $263.50 for BIIB at the time of writing.
Biogen'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.
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