If You Had Invested $1,000 in Abbott Labs During the Last Recession, This Is How Much You Would Have Today
Abbott Laboratories (NYSE: ABT) is a blue-chip stock that has been at the forefront of coronavirus testing since the early days of the pandemic. The company has created five COVID-19 tests, including two antibody tests and three molecular tests. Abbott Labs is shipping millions of these tests to communities, medical providers, and laboratories around the world.
In the midst of a global recession, it's normal to think long and hard before investing your hard-earned money. If you're evaluating Abbott Labs to determine whether it may be a good coronavirus buy for your portfolio, it's a good idea to look back at how this stock performed during and after the previous economic downturn. The Great Recession started in December of 2007 and lasted for 18 months. We've been in the current recession since February of this year.
If you had invested $1,000 in Abbott Labs in the last recession, this is how much your investment would be worth today.
Source Fool.com
