Netflix Stock Has Turned $1,000 Into About $654,000 Since Its IPO. It Has Gone Nowhere Since 2021.
The streamer's stock is back where it was in late 2021. What does it take to keep compounding from here?
Overview
Netflix (NASDAQ:NFLX) went public in May 2002, with its initial public offering (IPO) priced at $15 a share. It was a DVD-by-mail business back then, and it lost around $22 million that year.
An investor who put $1,000 in the stock at the IPO price would hold about 9,333 shares now. At around $70 a share as I write, the stake is worth about $654,000 -- compounding at about 30% annually for over 24 years.
Details
The same $1,000 put in the S&P 500 (SNPINDEX:^GSPC) on Netflix's first trading day would be worth about $7,000 now, before dividends.
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.