Here's How Much $1000 Invested In Ligand Pharmaceuticals 15 Years Ago Would Be Worth Today

Ligand Pharmaceuticals (NASDAQ:LGND) has outperformed the market over the past 15 years by 13.64% on an annualized basis producing an average annual return of 26.84%. Currently, Ligand Pharmaceuticals has a market capitalization of $6.20 billion.

Buying $1000 In LGND: If an investor had bought $1000 of LGND stock 15 years ago, it would be worth $34,935.35 today based on a price of $307.41 for LGND at the time of writing.

Ligand Pharmaceuticals’s Performance Over Last 15 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.