Here's How Much $1000 Invested In Ligand Pharmaceuticals 20 Years Ago Would Be Worth Today

Ligand Pharmaceuticals (NASDAQ:LGND) has outperformed the market over the past 20 years by 12.04% on an annualized basis producing an average annual return of 20.96%. Currently, Ligand Pharmaceuticals has a market capitalization of $6.28 billion.

Buying $1000 In LGND: If an investor had bought $1000 of LGND stock 20 years ago, it would be worth $45,493.63 today based on a price of $306.44 for LGND at the time of writing.

Ligand Pharmaceuticals’s Performance Over Last 20 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.