Summary: Sanofi (SAN.PA) is a multinational pharmaceutical company with a strong presence in the healthcare industry. One of the most convenient and safe ways to invest in the company is through a reputable brokerage, such as eToro.
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About Sanofi
Sanofi is a global pharmaceutical company headquartered in Paris, France. Founded in 1973, it has grown to become one of the world’s leading players in the healthcare sector. Sanofi is known for its diverse range of products, including pharmaceuticals, vaccines, and consumer healthcare products.
With a presence in more than 170 countries and a strong commitment to research and development, Sanofi is a prominent name in the pharmaceutical industry. They focus on addressing critical healthcare needs, from fighting diseases to improving overall well-being, making them catch the eye of investors worldwide.
Sanofi IPO
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Sanofi had its IPO on the Paris Euronext stock exchange on May 20, 1974, under the ticker symbol SAN. Over the years, the company has grown, and its stock is now traded under the symbol SAN.PA on the mentioned stock exchange.
How to buy Sanofi stock: Step-by-step
If you’re interested in buying Sanofi stock, you can follow this step-by-step guide, and you’ll become a shareholder of the company in no time:
Step 1: Choose a brokerage account
To buy Sanofi stock, you’ll need a brokerage account. Therefore, you should research different brokerage firms and select one that suits your needs. Note that it’s wise to look for low fees, a user-friendly platform, and access to international markets if you’re not based in France, so you can purchase Sanofi stock.
Our go-to brokerage for investing in Sanofi is eToro. This is a popular broker platform with more than 30 million registered accounts across the globe. Also, it’s fully licensed by regulatory bodies, such as FinCEN. Nevertheless, aside from its popularity and licenses, eToro offers many solid features like:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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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.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
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Step 2: Fund your account
Once you’ve opened a brokerage account, you’ll need to deposit funds into it. This is the money that you’ll use to purchase Sanofi shares, so make sure that you fund your account with the right amount. You can typically fund your account via bank transfer or other accepted payment methods, so just follow your go-to broker’s instructions.
Step 3: Place an order
The third step is to place an order for Sanofi stock. As such, log into your brokerage account and search for the company using its ticker symbol, SAN.PA. The ticker symbol is a form of code that allows us to recognize different stocks on the stock market.
You can place different types of orders, such as market orders (buy at the current market price) or limit orders (buy at a specific price or better). Therefore, be sure to make your selection based on your investment strategy.
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Step 4: Monitor your investment
Finally, after purchasing Sanofi shares, you should keep an eye on your investment. To do so, track the company’s performance, industry news, and any developments that may affect the stock’s value, and adjust your investment accordingly.
SAN.PA price today
Pros and cons of buying Sanofi stock
Before you decide whether to invest in Sanofi, it would be wise to weigh the pros and cons:
Pros
- Stability: Sanofi is a well-established pharmaceutical company with a long track record of success;
- Dividend: The company pays dividends to its shareholders, providing a potential income stream;
- Global reach: Sanofi’s global presence ensures it’s not overly reliant on a single market;
- Innovation: The company invests heavily in research and development, which can lead to new products and revenue streams.
Cons
- Regulatory risk: The pharmaceutical industry is subject to strict regulations, which can impact the company’s operations and profits;
- Competition: Sanofi faces stiff competition from other pharmaceutical companies;
- Patent expirations: The expiration of patents on key drugs can lead to a loss of revenue;
- Market volatility: Like all stocks, Sanofi’s share price can be volatile, and it may not be suitable for risk-averse investors.
Common pitfalls to avoid when investing in stock
While purchasing stocks like Sanofi can be rewarding, it’s important to avoid common investing mistakes and pitfalls like:
- Chasing hype: Don’t invest based solely on hype or rumors. Make informed decisions backed by research;
- Overtrading: Avoid excessive buying and selling, as frequent trading can lead to high fees and taxes;
- Ignoring diversification: Don’t put all your money into a single stock. Diversify your portfolio to spread risk;
- Neglecting long-term goals: Investing should be a long-term endeavor. Avoid making impulsive decisions based on short-term fluctuations.
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 Sanofi stock
Can I buy Sanofi stock if I'm not in France?
Yes, you can buy Sanofi stock from anywhere in the world using an international brokerage account like eToro.
How do I receive dividends from Sanofi?
If you hold Sanofi stock, dividends are typically deposited directly into your brokerage account.
What is the minimum amount of Sanofi stock I can buy?
The minimum investment amount depends on the stock price and your brokerage’s policies. Generally, you can buy as little as one share.
Do I need to pay taxes on my stock gains?
Yes, you may be subject to capital gains tax on any profits you make from selling Sanofi stock. Hence, consider consulting with a tax professional for guidance.
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.
