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If You Invested $1000 In This Stock 10 Years Ago, You Would Have $4,600 Today – AbbVie (NYSE:ABBV) – Stocks to Watch
  • Sat. May 18th, 2024

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $4,600 Today – AbbVie (NYSE:ABBV)

ByBenzinga Insights

Dec 5, 2022
If You Invested $1000 In This Stock 10 Years Ago, You Would Have $4,600 Today - AbbVie (NYSE:ABBV)

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AbbVie ABBV has outperformed the market over the past 10 years by 5.68% on an annualized basis producing an average annual return of 16.61%. Currently, AbbVie has a market capitalization of $289.39 billion.

Buying $1000 In ABBV: If an investor had bought $1000 of ABBV stock 10 years ago, it would be worth $4,649.77 today based on a price of $163.64 for ABBV at the time of writing.

AbbVie’s Performance Over Last 10 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.

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Image and article originally from www.benzinga.com. Read the original article here.

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