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3 Healthcare Stocks That Turned $100,000 Into $1 Million in 2020

Last year will go down in history as one of the most volatile on record for the stock market. The uncertainty created by the coronavirus disease 2019 (COVID-19) pandemic caused the benchmark S&P 500 to lose over a third of its value in less than five weeks during the first quarter.

The subsequent nine months brought a record-breaking rally that saw the S&P 500 end the year higher by a double-digit percentage. Though volatility was present in all sectors and industries, it was particularly notable among healthcare stocks .

While it’s not uncommon for positive clinical data to send a biotech stock or medical device company soaring, it’s very much out of the ordinary to see 1 in 5 healthcare stocks with a $300 million or larger market cap end the year higher by at least 100%.

That’s what happened in 2020. Among the 126 healthcare stocks that at least doubled last year, three did so well that a $100,000 investment in them would have turned into well over $1 million.

Novavax: $2.99 million (+2,889%) The top-performing healthcare in stock in 2020 was clinical-stage drug developer Novavax ( NASDAQ:NVAX ) — and it wasn’t even […]

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