If You Invested $5,000 in Vertex Pharmaceuticals in 2017, This Is How Much You Would Have Today
Vertex Pharmaceuticals (NASDAQ: VRTX) is one of the stocks that's defying this bear market. The biotech is up 30% so far this year. So, this leader in cystic fibrosis treatment has delivered gains in a short period of time. But what about over the long term?
It's best to hold onto stocks you buy for at least five years, and if a company's growth prospects look good, you'll probably want to keep it in your portfolio a lot longer. But today, let's consider how you would have fared if you had invested $5,000 in Vertex Pharmaceuticals five years ago, and also consider whether it's a good investment from here.
In July 2017, you could have picked up Vertex for $129 a share, so an outlay of about $5,000 ($5,031, to be precise) would have purchased 39 shares. Today, the stock is trading at $286.The value of your 39 shares would have more than doubled to $11,154.
Source Fool.com
