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If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,200 Today

Author: Benzinga Insights | April 26, 2024 05:30pm

IDEXX Laboratories (NASDAQ:IDXX) has outperformed the market over the past 5 years by 5.0% on an annualized basis producing an average annual return of 16.57%. Currently, IDEXX Laboratories has a market capitalization of $41.47 billion.

Buying $1000 In IDXX: If an investor had bought $1000 of IDXX stock 5 years ago, it would be worth $2,164.47 today based on a price of $499.30 for IDXX at the time of writing.

IDEXX Laboratories's Performance Over Last 5 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.

Posted In: IDXX

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