How to Buy AbbVie Stock [2024] | Invest in ABBV

Summary: AbbVie, a pharmaceutical company, is publicly traded on the New York Stock Exchange under the ticker ABBV. To buy AbbVie stock, we recommend using a reputable online trading platform such as eToro.  

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About AbbVie

AbbVie’s commitment to research and development has led to a robust pipeline of potential new therapies across multiple therapeutic areas. Key products and areas of interest for AbbVie include:

• Humira (adalimumab): A therapy administered as an injection to treat various autoimmune diseases, including Crohn’s disease, plaque psoriasis, and ulcerative colitis;
• Imbruvica: An oncology medication used to treat various types of cancer, such as mantle cell and follicular lymphoma;
• Skyrizi: An immunology drug indicated for multiple inflammatory conditions like psoriasis and Crohn’s disease;
• Botox: Known for its use in cosmetic treatments, Botox also has medical applications, including the treatment of migraines and certain muscle disorders. 

AbbVie is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker ABBV and is a component of the S&P 100 and S&P 500. 

How to buy AbbVie stock? Step-by-step process

Follow these four steps to purchase AbbVie stock:

Step 1: Choose a broker 

To buy AbbVie stock, start by selecting a reputable online broker. In our assessment, eToro is an excellent choice for investing in ABBV, offering:

• Commission-free stock trading; 
• 2,000+ stocks from 17 exchanges;
• Fractional shares available;
• User-friendly platform.

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

So, instead of focusing solely on one pharmaceutical company, consider investing in a diversified portfolio of pharmaceutical stocks. This approach spreads your risk across multiple companies and can help you navigate the volatility inherent in the pharmaceutical industry. Here are a few worth your consideration: 

• Pfizer (NYSE: PFE);
• Moderna (NASDAQ: MRNA);
• Eli Lilly (NYSE: LLY);
• Novartis (NYSE: NVS);
• Merck (NYSE: MRK);
• AstraZeneca (NASDAQ: AZN);
• GSK (NYSE: GSK);
• Roche (SIX: ROG);
• Novo Nordisk (NYSE: NVO);
• Johnson & Johnson (NYSE: JNJ).

Another strategy is to invest based on specific diseases or medical themes. Identify areas of healthcare that are likely to experience growth, such as oncology, immunology, or rare diseases. By investing thematically, you can capitalize on broader trends and potential breakthroughs in healthcare. Here are a few strategies to consider: 

• Top 3 Alzheimer Drug Stocks to Buy;
• 3 Best Cancer Drug Stocks to Buy;
• Top 3 Obesity Drug Stocks to Buy.

How to choose the best online broker?

Choosing the best online broker involves considering key factors:

• Regulation: Ensure the broker is regulated by a recognized financial authority;
• Fees: Understand the fee structure, including commissions, spreads, and hidden costs;
• Trading platform: Assess the usability, features, and reliability of their trading platform;
• Product offerings: Confirm access to assets or markets you’re interested in;
• Fractional shares: Check if the broker offers fractional share trading;
• Account types: Evaluate available account types, like margin or retirement accounts;
• Security: Ensure strong security measures protect your assets and data;
• Research and education: Look for research tools, educational resources, and market analysis.

Step 2: Open and fund your account 

Once you’ve chosen your broker, register on their platform. After being verified, you can fund it using your preferred method, such as a bank transfer, credit card, or PayPal.

Step 3: Place your order and buy AbbVie stock 

To buy AbbVie stock:

• Search for AbbVie using its ticker symbol ABBV;
• Determine your order type (market order for an immediate purchase or limit order at a specific price);
• Specify your investment amount in dollars or the number of shares;
• Review all details meticulously before confirming the transaction.

Step 4: Monitor your investment 

To monitor your investment in AbbVie, follow these steps:

• Set up alerts: Activate price change alerts for AbbVie stock on your brokerage platform;
• Company updates: Follow AbbVie’s official investor relations page for announcements, earnings reports, and press releases;
• Industry news: Stay updated with pharmaceutical and healthcare industry news that might affect AbbVie’s stock;
• Financial analysts: Seek insights from financial analysts who cover AbbVie. Their reports and recommendations can provide valuable market sentiment indicators;
• Regulatory updates: Keep an eye on regulatory updates, especially those related to the pharmaceutical sector;
• Regular portfolio review: Periodically assess AbbVie’s performance within your investment portfolio. Consider rebalancing if necessary to align with your investment goals;
• Technical analysis: Utilize charts and technical indicators to gauge stock trends and potential entry or exit points;
• Consultation: Consider consulting a financial advisor who can provide personalized guidance based on your financial objectives and risk tolerance. 

AbbVie stock price today

Pros and cons of buying AbbVie stock

Pros

• Stable dividend: AbbVie is known for its consistent dividend payments, making it an attractive choice for income-oriented investors;
• Strong drug portfolio: The company has a diversified product pipeline with several blockbuster drugs, reducing dependency on a single product;
• Robust financials: AbbVie has a strong financial position and solid cash flow, which can support research and development efforts;
• Research focus: The company invests heavily in research and development, potentially leading to the discovery of innovative drugs. 

Cons

• Humira dependence: Over a third of the company’s revenue is generated by Humira. Patent expiration and biosimilar competition pose a risk;
• Regulatory challenges: The pharmaceutical industry faces rigorous regulatory scrutiny, and obtaining approvals for new drugs can be a lengthy and uncertain process;
• Competition: AbbVie operates in a highly competitive industry, and its drugs often face competition from other pharmaceutical companies;
• Political and healthcare policy risks: Changes in healthcare policies and regulations can affect drug pricing and profitability. 

In Conclusion 

To buy AbbVie stock:

• Choose an online broker.
• Register and fund your account.
• Purchase ABBV shares.
• Regularly evaluate and adjust your investment as needed.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about how to buy AbbVie stock

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.