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$1000 Invested In This Stock 20 Years Ago Would Be Worth $9,300 Today

Published 07/05/2024, 19:30
Updated 07/05/2024, 20:40
© Reuters.  $1000 Invested In This Stock 20 Years Ago Would Be Worth $9,300 Today

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years by 3.84% on an annualized basis producing an average annual return of 11.89%. Currently, Gilead Sciences has a market capitalization of $81.91 billion.

Buying $1000 In GILD: If an investor had bought $1000 of GILD stock 20 years ago, it would be worth $9,295.45 today based on a price of $65.69 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.

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

Read the original article on Benzinga

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