Summary: Cassava Sciences is a biotech company at the forefront of Alzheimer’s research. In this guide, you will learn how to buy Cassava Sciences stock and invest in groundbreaking healthcare solutions through regulated stock trading platforms like eToro.
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About Cassava Sciences
![](https://assets.finbold.com/uploads/2024/07/How-to-Buy-Cassava-Sciences-Stock-2024-Invest-in-SAVA-1024x484.jpg)
Cassava Sciences, Inc. (NASDAQ: SAVA) is a biotechnology company based in Austin, Texas. It is dedicated to developing novel treatments for neurodegenerative diseases, with a primary focus on Alzheimer’s disease.
For additional investments, check out our guide on these stocks as well:
- Pfizer (NYSE: PFE);
- Moderna (NASDAQ: MRNA);
- Sanofi (NASDAQ: SNY);
- Eli Lilly (NYSE: LLY);
- Biogen (NASDAQ: BIIB);
- Amgen (NASDAQ: AMGN);
- Gilead Sciences (NASDAQ: GILD);
- Bayer (FWB: BAYN);
- Thermo Fisher Scientific (NYSE: TMO);
- Recursion Pharmaceuticals (NASDAQ: RXRX).
How to buy Cassava Sciences stock: Step-by-step
Cassava Sciences is a public company trading on NASDAQ under the ticker SAVA.
To buy Cassava Sciences stock, follow these steps:
- Find a broker: Choose a brokerage platform that lists SAVA stock;
- Research the company: Understand Cassava Sciences’ business and stock performance;
- Register and fund your account: Create an account with your chosen broker and deposit funds;
- Place a trade: Locate SAVA stock on the broker’s platform and place your trade;
- Monitor your investment: Keep track of your stock’s performance and market trends.
Step 1: Choose a broker
To start investing in Cassava Sciences, find a regulated stock brokerage that lists SAVA stock and aligns with your investment goals. To make a well-informed decision, consider factors such as:
- Fees: Compare commission and account maintenance fees;
- Accessibility: Ensure the platform is user-friendly;
- Security: Look for licenses from reputable financial institutions and robust cybersecurity;
- Customer Support: Responsive support can assist when needed;
- Additional Features: Research tools, educational materials, and charting capabilities enhance your investing experience.
Our recommended broker for biotech stocks is eToro, a regulated platform with millions of users and features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- Charting tools;
- 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: Research the company
Before purchasing Cassava stock, conduct thorough research on Cassava Sciences and analyze its stock performance. This involves fundamental and technical analysis:
- Fundamental analysis: Determine the intrinsic value by examining financial health, revenue streams, and growth potential;
- Technical analysis: Review historical performance and use chart patterns to predict future price movements.
Step 3: Register and fund your brokerage account
Registering a trading account typically involves providing personal and banking information, linking a payment method, and making an initial deposit. Reputable brokers will offer clear instructions to help you through this process.
Available funding methods usually include:
- Bank account transfers;
- Wire transfers;
- Third-party payment systems such as PayPal;
- Transfers from other accounts.
Step 4: Place your order
Once your account is funded, start placing orders to buy Cassava Sciences shares:
- Find SAVA stock by searching for its ticker symbol on your broker’s platform;
- Specify the number of shares or the dollar amount you want to invest;
- Choose the order type;
- Double-check all details;
- Place the trade.
Key order types include:
- Market order, which lets you buy the stock immediately at its current price;
- Limit order if you wish to buy the stock later, once it hits a specific price.
Step 5: Monitor your investment
After purchasing Cassava Sciences stock, actively track its performance by regularly reviewing financial reports, market news, and analyst opinions. Stay informed about industry trends, such as advancements in biotechnology and pharmaceutical regulations, as well as company-specific developments like clinical trial results and new product launches. This will help you make well-informed investment decisions.
Additionally, diversify your portfolio by investing in a variety of sectors and asset classes to minimize risk and reduce reliance on a single asset.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Cassava Sciences stock price today
How to buy Cassava Sciences stock safely
To buy Cassava Sciences stock safely, try to avoid some of the most common investing mistakes and:
- Do your own research: Learn about Cassava Sciences and the broader biotech industry;
- Have clear goals: Avoid blind investments and always have a clear plan. Also, avoid relying on hype and social media buzz when investing in stocks;
- Diversify: Invest in other assets to reduce risk, for example, commodities;
- Make sure you’re ready to invest: Ensure you are financially stable before investing. That is, pay off your debts and make sure you don’t have more pressing financial issues.
Pros and cons of buying Cassava Sciences stock
Pros
- Supporting research: Investing in Cassava Sciences supports Alzheimer’s research;
- Growth potential: The company’s focus on neurodegenerative diseases could mean potential breakthroughs.
Cons
- Volatility: High volatility and risk in the biotech sector;
- No dividends: The company does not pay dividends;
- Competition: Faces competition from other biotech firms and pharmaceutical companies;
- Some partnership issues: A former company consultant was indicted for grant fraud;
- Reliance on late-stage trials: The company relies a lot on its late-stage trials to drive revenue.
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 Cassava Sciences stock
How to buy Cassava Sciences stock?
To buy Cassava Sciences stock, register an account with an online stock trading platform like eToro.
Where to buy Cassava Sciences stock?
You can buy Cassava Sciences stock on investment platforms such as eToro.
Has Cassava Scienes stock split?
Cassava Sciences stock split in 2017.
Does Cassava Sciences pay dividends?
No, Cassava Sciences does not pay dividends.
When did Cassava Sciences go public?
Cassava Sciences went public in 2000.
Should you invest in SAVA?
Whether you should invest in SAVA largely depends on your economic preferences, your outlook on the company’s future, and your investment style. Use the pros and cons outlined in this guide to help inform your decision.
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.