Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 total return for the decade was 250.5%. But there’s no question some big-name stocks did much better than others along the way…
American’s Big Decade
One disastrous investment of the last decade was U.S. airline American Airlines Group Inc AAL 8.75%.
American Airlines kicked off the 2010s with news of its parent company AMR declaring bankruptcy on Nov. 29, 2011. With its stock trading under $1 per share, American was delisted from the NYSE in January 2012. So $100 of American Airlines stock purchased in 2010 would be worth $0 today.
However, after merging with the former U.S. Airways, American emerged from bankruptcy and held an IPO in 2013, selling shares of the new stock for $25.
New American shares made it above $50 for the first time in early 2015 and climbed as high as $56.20 before losing altitude once again. American dropped back to $24.85 by mid-2016 before the stock got a major lift from a big-name investor.
2020 And Beyond
American reached its decade high of $59.08 in early 2018.
Unfortunately, the stock has taken a nosedive thanks to COVID-19, dropping to a new all-time low of $9.09 before bouncing back to around…
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