Summary: Biogen is one of the largest U.S. healthcare companies specializing in treatments for neurological diseases. To invest in Biogen and gain exposure to the biotechnology industry, investors can register an account with a regulated stock trading platform such as eToro.
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About Biogen
Biogen Inc. (NASDAQ: BIIB) is a U.S.-based multinational biotechnology company with headquarters in Cambridge, Massachusetts. It is one of the major players in pharma and the biotechnology industry, with a special focus on the development of therapies for various types of neurological and neurodegenerative diseases.
How to buy Biogen stock: Step-by-step
Biogen is a public company trading on the NASDAQ under the ticker BIIB, and it is a NASDAQ-100 component, meaning it is one of the largest 101 companies listed on the exchange.
To buy Biogen stock, investors can take the following steps:
Step 1: Choose a broker
To start investing in Biogen, you will have to find a regulated stock brokerage whose services align with your financial goals and investing preferences.
How to choose an online broker:
- Costs: Compare platforms based on their commission and account maintenance fees;
- Accessibility: Make sure the platform is user-friendly and accessible;
- Security: Licenses issued by reputable financial institutions and a serious approach to cybersecurity are mandatory;
- Customer support: Responsive customer support will save you a lot of time when you get lost;
- Product availability: Make sure the platform features Biogen stock;
- Additional features: Extra features such as research tools, educational materials, chart patterns, etc. are always welcome.
Our go-to broker for biotech stocks is eToro, a regulated platform with millions of active users and features such as:
- Commission-free stock and ETF 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.
Step 2: Register and fund your brokerage account
Next, you can register a trading account. Usually, you will have to go through a simple registration process that includes providing your personal and banking information, linking a chosen payment method, and making an initial deposit. All mainstream brokers should provide clients with clear instructions on how to complete the process should they get confused.
Methods available to fund your account include:
- Bank account transfers;
- Wire transfers;
- Third-party payment systems such as PayPal;
- Transfers from other accounts.
Before funding your account, however, take into account your financial constraints, as investing when you are not ready can lead to losses if your investment doesn’t pan out as expected.
Some brokers let users create demo accounts before committing to an investor account, so you can experiment a bit to see how the platform functions. When you register, you can mitigate the potential fallout by making sure you:
- Pay off debts;
- Establish an emergency fund;
- Do a lot of research on the company;
- Look at what other, more seasoned investors are doing;
- Etc.
Note
Step 3: Place your order
Once you have deposited money into your account, you can start placing orders and buying Biogen shares. To do so, you can:
- Find the Biogen stock by looking up its ticker symbol (BIIB) on your broker’s webpage (or you can look for it by typing in the company’s name);
- Specify the number of shares you want to buy or the dollar amount you want to invest;
- Choose the order type, i.e., limit, stop-loss, etc.;
- Double-check all details;
- Place the trade.
Step 4: Monitor your investment
When you add Biogen shares to your portfolio, It’s imperative that you actively monitor its performance. That is, you must monitor the evolving trends in the pharmaceutical industry and advancements in biotechnology. That will enable you to make more accurate predictions regarding the direction of Biogen’s stock price movements.
Additionally, be sure you diversify your portfolio and invest in some other assets to avoid relying on the performance of only one financial instrument.
Biogen stock price today
Pros and cons of buying Biogen stock
Pros
- It could make investors feel like they are making a positive contribution by investing in a healthcare company;
- The company has potential for growth thanks to its new early-onset Alzheimer’s disease treatments;
- The biotechnology industry is growing rapidly.
Cons
- Biogen does not pay any dividends;
- The biotechnology industry is volatile and risky, with incidents such as failed clinical trials affecting stock prices;
- Biogen has a lot of competition in the market, including titans such as Pfizer and Moderna;
- The company was looking to cut expenses, and there were some layoffs in 2023. Moreover, its revenue was slightly lower than the year prior.
How to buy Biogen stock safely
Before investing, make sure you avoid some of the most common investing mistakes, such as:
- Not doing your own research: Investing is risky, so you have to do a lot of research on both Biogen and the biotechnology industry in general to make sure you are making a well-informed decision;
- Going in blind: Blind investments are rarely successful, so be sure you have a clear goal in mind;
- Not diversifying: Always diversify your portfolio. Relying on one asset to carry you to success does not usually pan out;
- Investing when you cannot afford to: If you have unpaid debts or other financial obligations, investing might not be the right move. While some think buying stocks will make them rich overnight, the reality is much different, and stocks are usually a long-term investment option.
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 Biogen stock
How do I buy Biogen stock?
To buy Biogen stock, investors can register an account at an online stock trading platform such as eToro.
Does Biogen pay dividends?
No, Biogen does not pay dividends.
Is investing in biotechnology a good idea?
The biotech industry can be volatile because of the uncertainties involved with things such as medical trials and regulatory challenges that accompany drug sales. However, investing in biotech can be a good long-term investment option if you do a lot of research before investing.
What is the Biogen stock ticker?
The Biogen stock ticker is BIIB.
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.
