If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,500 Today

Abbott Laboratories ABT has outperformed the market over the past 10 years by 2.99% on an annualized basis producing an average annual return of 12.97%. Currently, Abbott Laboratories has a market capitalization of $189.20 billion.

Buying $1000 In ABT: If an investor had bought $1000 of ABT stock 10 years ago, it would be worth $3,462.67 today based on a price of $108.51 for ABT at the time of writing.

Abbott Laboratories'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.