Bristol Myers Squibb
BMY
BMY stock has seen a decline of 15% from levels of $60 in early January 2021 to around $50 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the decrease in BMY stock has been far from consistent. Returns for the stock were 1% in 2021, 15% in 2022, and -27% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 – indicating that BMY underperformed the S&P in 2021 and 2023.
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