Summary: Gilead Sciences is a major pharmaceutical and biotech company focusing on antiviral drugs used in HIV, hepatitis, and COVID-19 treatment. To buy Gilead Sciences stock, investors can register an account with a regulated online stock trading platform such as eToro.
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About Gilead Sciences
Gilead Sciences, Inc. (NASDAQ: GILD) is an American biopharmaceutical company specializing in researching and developing drugs and therapies in the fields of virology and oncology. More precisely, Gilead Sciences is known for its significant contributions to the development of HIV/AIDS and hepatitis treatments.
How to buy Gilead Sciences stock: Step-by-step
Gilead Sciences is a public company trading on the NASDAQ under the ticker GILD. Moreover, it is a NASDAQ Biotechnology, NASDAQ-100, S&P 500, and S&P 100 component, meaning it’s one of the largest publicly traded companies in the United States, and not only in its own sector.
To buy Gilead Sciences stock, investors can take these simple steps:
Step 1: Find a reliable broker
To start buying Gilead Sciences shares, you will have to find a regulated stock brokerage platform that lists the GILD stock.
To find a solid stock brokerage, consider factors such as:
- Costs: Compare various platforms based on their commission rates, account maintenance fees, and minimum account requirements;
- User-Friendly interface: Prioritize platforms that offer an intuitive and user-friendly interface to ensure a smooth experience;
- Security: Verify the platform is legitimate and committed to cybersecurity by checking for licenses and accreditation from respected financial institutions, for example, the Financial Industry Regulatory Authority (FINRA);
- Customer support: Responsive and efficient customer support is crucial when encountering any issues;
- Asset availability: Ensure that the chosen platform provides access to Gilead Sciences stock;
- Supplementary tools: Investigate whether the platform offers any supplementary trading tools and features, such as educational materials, chart analysis tools, real-time market news, and more.
Our go-to choice for biotech and other stocks is eToro. eToro stands out as a regulated platform with a range of attractive features, including:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional share buying, which lets you buy stocks without having to buy whole shares, making investing more accessible;
- 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
Nest, you can open a trading account with your selected broker. You will have to provide some personal and banking details, choose and link a preferred payment method, and make an initial deposit. The registration details will vary from one broker to another, so a thorough review of their terms of service and their support guides is mandatory prior to registration.
When it comes to financing your account, you typically have several options available, including:
- Bank account transfers;
- Wire transfers;
- Third-party payment systems (e.g., PayPal);
- Transfers from other accounts.
Note, though, that you should evaluate your current financial standing before funding your account, as premature investments may lead to potential losses. This is why platforms such as eToro allow users to open a demo account before they commit to the platform, enabling them to acquaint themselves with the platform first.
Note
Step 3: Place your order
When you fund your account, you can start buying GILD shares. To do so, you can:
- Look up the Gilead Sciences stock on your broker’s platform by looking up its ticker symbol (AMGN);
- 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 the details;
- Place your trade.
Step 4: Monitor your investment
Your investment journey does not end when you add Gilead Sciences shares to your portfolio. On the contrary, it becomes imperative for you to diligently monitor your portfolio’s performance. That means staying up-to-date on the constantly evolving trends and technological advancements in the biotech industry. By doing so, you’ll increase your chances of making more precise predictions in regard to the direction of the GILD stock price.
Gilead Sciences stock price today
Pros and cons of buying Gilead Sciences stock
Pros
- The company’s oncology sector has been experiencing growth;
- The company is a global leader in HIV treatment;
- Decent dividend yield.
Cons
- Historically, the GILD stock had long periods of struggle, often underperforming the S&P 500 index;
- Some of the most popular Gilead Sciences drug sales are declining, for example, Veklury, the coronavirus drug.
How to buy Gilead Sciences stock safely
To minimize risks and maximize chances of profit, try to avoid some of the most common investing mistakes and:
- Do your own research: Before investing in Gilead Sciences or similar biotech stocks, educate yourself about the biotechnology industry. That is, try to understand the products and services offered by the company you are investing in and what kind of role they play in the industry. Also, look into its financial health, pipeline of products, and competition;
- Assess your risk tolerance: Biotech stocks can be highly volatile due to the risky nature of the industry. For example, failed clinical trials or failures to comply with regulatory demands can affect stock prices negatively;
- Diversify: Don’t put all your hopes into a single biotech stock. Instead, diversify your portfolio by investing in multiple stocks from different sectors;
- Use limit orders: Limit orders allow you to specify the ideal price you want to buy the stock at, which can help you avoid unexpected price fluctuations;
- Avoid emotional decisions: Market volatility can lead to emotional decision-making. However, you should try and stick to your investment strategy and think long-term.
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 Gilead Sciences stock
How can I buy Gilead Sciences stock?
You can buy Gilead Sciences stock through an online stock broker such as eToro.
Does Gilead Sciences pay a dividend?
Yes, Gilead Sciences does pay a dividend.
Does Gilead Sciences offer a dividend reinvestment program?
No, Gilead Sciences does not offer a dividend reinvestment program.
What is the Gilead Scienes stock ticker?
The Gilea Sciences stock ticker is GILD.
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.
