share_log

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $13,000 Today

Benzinga ·  Aug 29 23:01

Gildan Activewear (NYSE:GIL) has outperformed the market over the past 20 years by 5.22% on an annualized basis producing an average annual return of 13.58%. Currently, Gildan Activewear has a market capitalization of $7.26 billion.

Buying $1000 In GIL: If an investor had bought $1000 of GIL stock 20 years ago, it would be worth $12,772.23 today based on a price of $44.66 for GIL at the time of writing.

Gildan Activewear's Performance Over Last 20 Years

1724943675_0.png

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.
    Write a comment