Investors often look back at a company's stock price history to determine if a stock is a good investment. Fortune Brands is no exception. As one of the leading global manufacturers of home products, Fortune Brands has long been a favorite among investors. But, how has the stock performed over time? Let's take a look at Fortune Brands stock price history to find out.
Fortune Brands Stock Price History: 2002 to 2005
The beginning of Fortune Brands' stock price history is marked by a significant rise. In 2002, the stock began trading at around $15 per share. Over the course of the next three years, the stock made significant gains, reaching a high of around $70 per share by 2005. This represented an increase of nearly 370% in just three years.
Fortune Brands Stock Price History: 2006 to 2008
From 2006 to 2008, Fortune Brands' stock price history saw a significant decline. After reaching a high of around $70 per share in 2005, the stock began to plunge. By the end of 2008, the stock had reached a low of around $20 per share. This represented a decrease of more than 70% in just three years.
Fortune Brands Stock Price History: 2009 to 2011
The stock price history of Fortune Brands from 2009 to 2011 saw a steady recovery. After reaching a low of around $20 per share in 2008, the stock began to gradually increase in value. By the end of 2011, the stock had reached a high of around $45 per share. This represented an increase of 125% in just three years.
Fortune Brands Stock Price History: 2012 to 2015
The stock price history of Fortune Brands from 2012 to 2015 saw a significant rise. After reaching a high of around $45 per share in 2011, the stock continued to climb. By the end of 2015, the stock had reached a high of around $90 per share. This represented an increase of 100% in just four years.
Fortune Brands Stock Price History: 2016 to 2020
The stock price history of Fortune Brands from 2016 to 2020 saw a gradual decline. After reaching a high of around $90 per share in 2015, the stock began to slowly decrease in value. By the end of 2020, the stock had reached a low of around $60 per share. This represented a decrease of 33% in just five years.
Fortune Brands Stock Price History: 2021 to 2023
The stock price history of Fortune Brands from 2021 to 2023 has seen a significant recovery. After reaching a low of around $60 per share in 2020, the stock has been steadily increasing in value. By the end of 2023, the stock had reached a high of around $80 per share. This represents an increase of 33% in just three years.
Conclusion
As we can see from Fortune Brands' stock price history, the stock has had its ups and downs over the years. The stock has seen significant gains in some years and significant losses in others. Despite these fluctuations, the stock has been able to maintain a relatively steady upward trend overall.
What Does the Future Hold?
It is impossible to predict the future of any stock with certainty. However, Fortune Brands' stock price history suggests that the stock may continue to increase in value over the next few years. Investors should keep an eye on the stock and monitor its performance to ensure they are making the best investment decisions.