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Here's How Much You Would Have Made Owning Fastenal Stock In The Last 20 Years

Benzinga ·  May 4, 2023 05:35

Fastenal (NASDAQ:FAST) has outperformed the market over the past 20 years by 5.67% on an annualized basis producing an average annual return of 13.24%. Currently, Fastenal has a market capitalization of $30.88 billion.

Buying $1000 In FAST: If an investor had bought $1000 of FAST stock 20 years ago, it would be worth $12,385.91 today based on a price of $54.08 for FAST at the time of writing.

Fastenal's Performance Over Last 20 Years

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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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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