Summary: AstraZeneca is one of the most profitable and innovative pharmaceutical companies in the industry, especially in the realm of oncology. To invest in AstraZeneca, investors can open an account at a regulated stock trading platform such as eToro.
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About AstraZeneca
AstraZeneca (LSE: AZN) is a multinational pharmaceutical and biotechnological company known for its focus on research and development of medications and therapies in various areas, most notably oncology, as well as its AstraZeneca COVID-19 vaccine.
How to buy AstraZeneca stock: Step-by-step
AstraZeneca is listed on the London Stock Exchange (LSE) and NASDAQ under the ticker AZN. It is also an FTSE 100 component, meaning it’s one of the largest companies listed on the LSE in terms of market capitalization. To buy AstraZeneca shares, you can take the following steps:
Step 1: Choose a regulated brokerage
The first step boils down to choosing a regulated broker to ensure the safety and security of your investments. To find a broker that can help you reach your investment goals, consider factors such as:
- Regulation and safety: Ensure that the broker is regulated by a respected financial authority;
- Trading platform accessibility: Evaluate the broker’s trading platform and see how user-friendly and reliable it is;
- Fees and commissions: Examine trading commissions, account maintenance fees, and all other costs incurred by the broker’s services;
- Account types: See if the broker offers a broader range of account types tailored to specific trading strategies. Also, check if they provide users the option to test the platform with a demo account;
- Market research tools: Look for research and market analysis tools such as carts that can help you refine your trading strategy;
- Customer support: Test the platform’s customer support feedback. If it is not responsive or efficient, you may want to consider another broker.
Our go-to broker is eToro, a well-regulated platform with millions of active daily users and a range of useful features, such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- 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.
Step 2: Register and fund an account
Once you’ve found a brokerage, the next step is to register an account with it and fund it. Simply visit the broker’s website and go through the registration process. That usually involves providing the necessary personal and payment details and completing the required verification process by submitting some documents. However, the details will vary from broker to broker.
After the successful registration process, you can proceed to deposit funds into your newly created account. Major platforms, like eToro, give users a variety of funding options to choose from, including:
- Bank transfers;
- Credit/debit cards;
- E-wallets;
- Third-party payment systems like PayPal.
Before funding your account, see whether the brokerage imposes any account minimums. Also, assess your financial situation. After all, rushing into investments when your financial circumstances do not allow for it can potentially lead to losses. Additionally, it’s wise to refrain from investing money that you cannot afford to lose, as investments are inherently risky.
Step 3: Place an order
When you fund your account, you can initiate a trade and buy AstraZeneca shares. To do so, take these simple steps:
- Go to your broker’s website;
- Locate the AstraZeneca stock (use its ticker symbol [AZN] or look up the company’s name);
- Indicate the number of shares you wish to buy (or you can specify the desired dollar amount you intend to invest);
- Choose your preferred order type, such as i.e., limit, stop-loss, etc.;
- Review all the provided details;
- Execute the trade.
Step 4: Monitor your investment
After adding AstraZeneca stock to your investment portfolio, you must take an active role in monitoring its performance. That includes gaining and maintaining a solid understanding of the changing trends, innovations, and developments in the pharma and biotech industries, as well as staying abreast of any new regulatory requirements.
Being well-informed allows you to adjust your investment strategy down the line as circumstances require. Moreover, your awareness of critical factors influencing the broader industry also enables you to make better-informed choices. As a result, you can manage risks more effectively and increase your potential for success.
Note
AstraZeneca stock price today
How to buy AstraZeneca stock safely
When buying stocks, you should try to avoid some of the most common investing mistakes to reduce investment risks and boost your chances of making a profit. Also, don’t forget to:
- Do your own research: Keep track of news and developments affecting not just AstraZeneca but the pharma industry as a whole. Analyze the company’s revenue streams, profitability, debt levels, and SEC filings;
- Set attainable goals: Lay down a clear plan that will help you reach your investment objectives, especially if long-term gain is your goal;
- Consult a professional if needed: If you’re unsure what to do or are new to investing in general, you can always turn to an expert or use copy trading features on your broker’s platform;
- Create a backup plan: If things don’t go according to plan, a solid backup plan will be indispensable;
- Be persistent: Expecting to get wealthy overnight is unrealistic because stock investments are best viewed as a long-term solution;
- Diversify: It’s a good idea to have a portfolio that is well-rounded and features other assets, such as bonds and commodities;
- Review your investing plan and make any necessary adjustments: Review your portfolio and investment strategy on a regular basis to make sure they are in line with your objectives.
Pros and cons of investing in AstraZeneca
Pros
- The company’s revenue is expected to grow by about 19% per annum (as of December 2023);
- Solid product pipeline;
- Brand recognition;
- Solid performance over the past decade;
- It pays dividends;
- It is not facing any patent expirations (as of September 2023).
Cons
- The stock is a bit more expensive than others in the industry;
- High debt levels;
- CEO Pascal Soriot may soon resign, making some investors uncertain about the outcome.
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 AstraZeneca stock
Does AstraZeneca have a dividend reinvestment plan?
AstraZeneca does not have a dividend reinvestment plan.
Can I buy AstraZeneca stock outside of the U.K.?
Yes, foreign investors can buy AstraZeneca stock.
How to buy AstraZeneca stock?
To buy AstraZeneca stock, investors can register an account at an online stock trading platform such as eToro.
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.
