How To Buy Abbvie Stock

You can buy Abbvie shares with one of the brokers below depending on the type of trading you wish to conduct. You can buy Abbvie shares with a broker like Etoro or you can trade Abbvie CFDs with XTB you can begin trading Abbvie shares right away.

Broker XTB eToro Plus500 FXPrimus Admiral FP Markets
Rating
Used By 250,000+ 10,000+ 15,500+ 10,000+ 10,000+ 10,000+
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Scroll down to read our indepth article on How To Buy Abbvie Stock. What you should know, Types of trading Abbvie Stock and CFD's. Pros and Cons, everything is explained below.

Abbvie Financial Details

Financial Details

Abbvie Stock symbol ABBV
Abbvie Sector and Industry Health Care Biotech & Pharma
Abbvie Exchange NYSE - New York Stock Exchange
52 Week High $91.99
52 Week Low $62.66
Abbvie Market Capitalisation $119,607,038,418.00
Abbvie Average Volume 8,158,548.00
Abbvie PE 37.19
Abbvie EPS 2.18
Stock Currency USD

Overview of Abbvie

AbbVie Inc. researches and develops pharmaceutical products. The Company produces pharmaceutical drugs for specialty therapeutic areas such as immunology, chronic kidney disease, hepatitis C, women's health, oncology, and neuroscience. AbbVie also offers treatments for diseases including multiple sclerosis, parkinson's, and alzheimer's disease.

Abbvie is an American Health Care Biotech & Pharma company currently traded on the New York Stock Exchange (NYSE).

Abbvie trades under the stock symbol ABBV on the NYSE.

Abbvie shares are traded in USD.

Abbvie has a current share price of $80.97 USD dated 31/01/2020.

The highest Abbvie share price over the last 52 weeks was $91.99 USD and its lowest price over the last 52 weeks was $62.66 USD. That is a 52 week price range of $62.66 - $91.99.

Abbvie Trading Volume and PE

Abbvie currently has 1,478,821,000.00 active shares in circulation traded through the NYSE exchange.

Abbvie market capitalization is $119,607,038,418.00 with an average daily trading volume of 8,158,548.00 shares.

Trading volume is the amount a security that was traded during over a certain duration. When talking about shares volume refers to the number of shares that have been bought and sold during a given day.

Abbvie has a Price Earning Ratio ( PE ) of 37.19 and earning per share ( EPS ) of 2.18. Generally speaking Abbvie having a high P/E ratio means that Abbvie investors forsee increased growth with Abbvie in the future. The current average market P/E ratio is roughly 20 to 25 times earnings. Companies that are losing money do not have a P/E ratio.

Abbvie earnings per share is Disney company profit that's allocated to every Abbvie common stock. Earnings per share is calculated by taking the difference between Abbvie's net earnings and dividends paid for preferred stock and then dividing that amount by the average amount of Abbvie shares outstanding.

Abbvie Financial Charts

Financial Details

Abbvie Information

Abbvie Location & Contact Information

Address 1 North Waukegan Road North Chicago, IL 60064 United States
Phone Number 1-847-932-7900
Website URL www.abbvie.com

Abbvie Executives and Board Members

Chairman/CEO Richard Gonzalez
Vice Chairman/President Michael E Severino
Vice Chairman/Chief Commercial Officer Carlos Alban
Abbvie Board Member Richard Gonzalez
Abbvie Board Member Glenn F Tilton
Abbvie Board Member Edward M Liddy

How To Buy Abbvie Stock Guide

Buying Abbvie Stocks and CFDs

When investing in Abbvie you have several options as to what type of investment you wish to conduct. You can buy traditional Abbvie shares with one of our listed brokers or you can trade what is known as CFDs or contracts for difference.

We explain in detail the difference between buying Abbvie shares with stock brokers and trading Abbvie with CFDs below.

Abbvie CFD Trading vs Traditional Share Dealing

CFD trading is quite much like stock trading except when you exchange a CFD you do not actually own any Abbvie stock.

If you buy Abbvie shares with a stock broker you actually own a share of Abbvie. When you trade a contract for difference (CFD) you have an agreement with your CFD broker and are speculating that the Abbvie price will change up or down.

Lets explain why you would buy Abbvie as a CFD instead of as a share.

If you went and brought 100 Abbvie shares at $100 a share with a stock broker you own $1000 of Abbvie.

The main difference when trading Abbvie as a CFD and buying Abbvie as a share is contracts for difference offer increased leverage.

Contracts for difference are traded on margin which means to have $1000 invested in Abbvie you would not need to invest the full amount as you would with a stock broker. You could invest a fraction of the amount ( known as the CFD margin ) with a CFD to hold a similar position in Abbvie. Trading an Abbvie CFD allows investors to hold larger positions than their invested amount. Be aware that although investing in an Abbvie CFD like this amplifies any potential profit. It always exaggerates your potential losses which may exceed your amount invested.

If you invested in an Abbvie share with a stock broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. There is no leverage.

What CFDs allow you to do is profit from both the rise and fall in the Abbvie share price. An Abbvie CFD long would be hoping to profit from a rise in the Abbvie share price. An Abbvie CFD short would be aiming to profit from a fall in the Abbvie stock price. Trading CFDs allows traders to profit from both directions of the Abbvie price on the financial exchange. Giving traders greater chance to move with the financial markets.

With traditional Abbvie shares you can only profit from a rise in the Abbvie stock price.

Abbvie CFD and Stock Market Times

When trading in traditional Abbvie shares you are limited to when the stock exchange is open. You can only buy and sell with your broker when the market is open.

With CFD trading you can deal 24/7 around the clock.

Buying Abbvie Shares with a Broker

Buying shares with a stock broker limits your risk to your initial investment as stock brokers require you to pay for the total amount of your investment. Stock brokers offer no leverage or loans when buying Abbvie stock. This limits your risk to your initial amount invested in Abbvie. You can only lose the amount invested with traditional Abbvie shares. Another benefit of buying Abbvie shares with a broker is that you may be eligible to receive Abbvie company dividends if applicable.

If you Invest in Abbvie via a CFD you have no shareholder privileges as you don't actually own any underlying assets in Abbvie. If you buy Abbvie stock with a broker you may receive shareholder perks and benefits. There are certain requirements to be eligible for some of these Abbvie benefits as in owning a certain amount of stock for a set period.

If you own shares in Abbvie you may be eligible to voting rights at Abbvie shareholder general meetings.

Abbvie Shares and CFDs and Tax

You should confirm with your local tax office but CFDs are free from stamp duty. When trading CFDs losses can be offset against profits when submitting your tax return.

Investment in Abbvie Stocks and shares are only exempt from tax if the Abbvie shares were brought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pensions ).

Should I trade Abbvie Stocks and Shares or Abbvie CFDs?

There are pros and cons to trading in both Abbvie Stocks and CFDs. Which is better depends on each investor and a few factors.

Investing in Abbvie stocks and shares is better suited for long term investments. Historically Abbvie shares provide better returns over the long term, usually a 10 year period.

Abbvie CFD trading is more suited to intra day and mid term traders. Wth intra day trading on an Abbvie share investors aim to profit on the fluctuating highs and lows of the Abbvie price throughout the day. Day trading as you can imagine focuses on profiting from the daily Abbvie stock price change.

CFD traders monitor live price movements by using real-time charts in an attempt to profit from live price movements.

Both types of trading have different benefits and risks. Make sure you have a good understanding of what you are doing before you invest.

With CFD trading as you can short or long an Abbvie stock you can hedge a trade against another trade.

A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of an Abbvie share price for example to a known amount.

Example Cost of Buying Abbvie as a CFD Trade and Shares Side by Side

*All values below are estimates and are for illustrative purposes only. Please visit a broker for correct prices.

CFD and Share deals differ from broker to broker so check you are aware of the actual costs with your brokers.

Abbvie CFD trade example Abbvie Share deal example
Market price $80.97 $80.97
Broker Deal Invest $16.194 at 1:5 Margin (20%) Buy at $80.97 a share
Deal size 100 shares 100 shares
Initial outlay

$1619.4

(Margin = exposure x 20% margin factor)

$8097

(100 shares at $80.97)
Stamp duty No £20
Close price Sell at $97.164 Sell at $97.164
Estimated Profit

(16.194 point increase x 100 shares = $1619.4)

*Not including commission fees and taxes

($9716.4 - $8097 = $1619.4)

*Not including commission fees and taxes
Trade Abbvie CFDs now with XTB Trade Abbvie Shares now with Etoro

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