Spotify Technology (NYSE:SPOT) has outperformed the market over the past 5 years by 8.13% on an annualized basis producing an average annual return of 21.13%. Currently, Spotify Technology has a market capitalization of $67.55 billion.
Buying $1000 In SPOT: If an investor had bought $1000 of SPOT stock 5 years ago, it would be worth $2,626.67 today based on a price of $336.39 for SPOT at the time of writing.
Spotify Technology's Performance Over Last 5 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.
