Selecting the best stocks in the US equity market is the key to making stellar profits. The US stock market has a handful of multibagger shares that tripled investors’ money in a year. Despite the market conditions, several stocks outperformed all expectations reaching new highs in the charts.
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Investors who took an entry position at the right time made handsome profits and continued enjoying the rewards of the price run. In this article, we will highlight a multibagger stock in the US market that spiked more than 360% in a year.
Multibagger US Stock (NYSE) That Delivered More Than 360% Returns In a Year
YPF Sociedad Anónima (NYSE: YPF) is the multibagger US stock that tripled investors’ money in a year. It surged 364.14% in the last 365 trading days and is among the top performers in the equities market. YPF rallied by 17,203 Argentine Pesos (ARS) in the indices in a year and delivered steady profits to investors without any hiccups.
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The multibagger US stock YPF Sociedad Anónima’s 52-week low was at 4,048 ARS during April 2023. Fast-forward to April 2024, its price is placed at 21,928 ARS on the NYSE closing bell on Tuesday. On Tuesday’s trading alone, YPF spiked 0.73% closing the day’s trade at +158.95 ARS.
Around 10 hedge funds have already invested worth $76 million in YPF Sociedad Anónima as of 2024. The company is an Argentinian state-owned integrated oil and gas firm.
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Therefore, an investment of $10,000 made a year ago could have turned into $46,414 today in April 2024. That’s an impressive return on investment (ROI) in just a year generated by the multibagger NYSE US stock.
The US multibagger stock is also attracting heavy bullish sentiments and is forecasted to surge further in price. Several analysts have added the ‘buy call’ for YPF Sociedad Anónima indicating that its upward trajectory is still not over.