Anonymous
Anonymous asked in Business & FinanceInvesting · 7 years ago

on 12/27/2012 I bought ABT stock did I just lose half my money on 01/02/2013?

3 Answers

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  • David
    Lv 7
    7 years ago
    Favorite Answer

    The stock has split into two companies.

    One of the two will be a diversified medical products company that will keep the Abbott name and about $22 in annual revenue ,and the other will be $18 billion pharmaceutical business, to be called Abbvie. The split will take place via a tax-free distribution to Abbott shareholders of publicly-tradable stock in the new company.

    There should be no change to your ownership value.

    Abbott Laboratories (ABT) and its drug- company spinoff AbbVie Inc. both rose as their shares traded on the open market for the first time as separate businesses.

    http://www.bloomberg.com/news/2013-01-02/abbvie-ri...

  • 7 years ago

    You put your hard earned money into a stock and you're not up on important news (before you buy it). What's up with that?

  • 7 years ago

    No, it split into two companies. Google "ABT split".

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