If You Invested $5,000 in Dexcom During the Coronavirus Market Crash, This Is How Much Money You'd Have Now
The March market crash and volatility that's followed have revealed the stocks that are recession-proof champions, while pulling back the curtain on companies far more vulnerable to economic adversity. Among healthcare companies that have continued to achieve profitable returns, Dexcom (NASDAQ:DXCM) is top-of-mind. The company is known for manufacturing and marketing continuous glucose monitoring (CGM) devices.
Dexcom has consistently surpassed the S&P 500's performance this year, experiencing substantial and relatively consistent gains during a roller-coaster year. As of Sept. 16, Dexcom has gained 82% year-to-date compared to the S&P 500's return of about 5.5%.
If you're curious about what a $5,000 investment in Dexcom back in March would be worth today, you've come to the right place. Let's dig deeper into Dexcom's performance over the past six months.
Shares of Dexcom dipped only moderately in the March market crash. The stock closed at $219.38 on Jan. 2., the first trading day of the year. Shares hit their lowest point on March 17, when Dexcom closed at $191.16, down about 13% from the start of 2020. The stock started to recover at the end of March and has risen with momentum ever since.
Let's suppose that you invested in Dexcom on March 17, when the stock hit its low. With $5,000 to spend, you would have been able to purchase around 26 shares of the company. Today, that investment would be worth over $10,200. Not many stocks give you ...
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