Netflix, ex-penny stock GGP are among biggest winners since the bottom

Investing


U.S. stocks have done extremely well since the end of the financial crisis, but real estate investment trust GGP has left everyone in the dust.

GGP, which invests in shopping centers and changed its name in 2017 from General Growth Properties, is up more than 7,000 percent since the S&P 500 reached its financial crisis closing bottom on March 9, 2009. That makes it the best performer in the benchmark since the bull market began.

GGP closed at 29 cents a share that day. On Thursday, it closed at $21.11.

United Rentals and streaming giant Netflix are the second and third best-performing S&P 500 components since the start of the bull market, surging more than 5,500 percent each.



Source link

Products You May Like

Articles You May Like

Everyone could learn from China’s tech policies: World Economic Forum
Consumers loosening purse strings for upcoming holiday shopping season
European stocks open higher as trade fears ease
‘We’re ahead of the pack’ in cannabinoid therapies
Jamie Dimon would make a ‘phenomenal president’

Leave a Reply

Your email address will not be published. Required fields are marked *