Here's How Much You Would Have Made Owning Abbott Laboratories Stock In The Last 10 Years
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Abbott Laboratories (NYSE:ABT) has produced an average annual return of 10.78%, outperforming the market by 1.04% on an annualized basis. With a current market capitalization of $180.50 billion, a $1000 investment in ABT stock a decade ago would be worth $2,765.16 today. The article highlights the impact of compounded returns on investment growth over time.
November 30, 2023 | 3:30 pm
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Abbott Laboratories has demonstrated strong performance with a 10.78% average annual return over the past decade, significantly growing a $1000 investment to $2,765.16.
The historical performance of Abbott Laboratories is likely to instill confidence in investors, potentially leading to a positive short-term impact on the stock price as it reflects the company's strong track record. However, past performance does not guarantee future results, and investors may also consider other current market conditions and company fundamentals in their decision-making.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100