A $10,000 Stake in Shopify Is Worth About $311,000 a Decade Later. The Business Grew Almost as Much as the Stock.
The e-commerce specialist turned a decade of merchant growth into a roughly 31-fold return. But would I buy the stock today?
Overview
On Sept. 15, 2016, Shopify (NASDAQ:SHOP) stock closed at a split-adjusted $4.18 per share. As of this writing, shares trade around $130. That comes out to about 31 times the initial investment -- enough to make a $10,000 stake bought that day worth about $311,000 today.
And because Shopify does not pay a dividend, the share price did all the work.
Details
For comparison, the S&P 500 (SNPINDEX:^GSPC) had an outstanding decade of its own. The same $10,000 in an index fund that tracks the benchmark, with dividends reinvested, would have become about $41,000 during that period.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.