How To Buy Amgen Stock

You can buy Amgen shares with one of the brokers below depending on the type of trading you wish to conduct. You can buy Amgen shares with a broker like Etoro or you can trade Amgen CFDs with XTB you can begin trading Amgen 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 Amgen Stock. What you should know, Types of trading Amgen Stock and CFD's. Pros and Cons, everything is explained below.

Amgen Financial Details

Financial Details

Amgen Stock symbol AMGN
Amgen Sector and Industry Health Care Biotech & Pharma
Amgen Exchange NASDAQ - National Association of Securities Dealers Automated Quotations exchange
52 Week High $244.99
52 Week Low $166.3
Amgen Market Capitalisation $126,287,863,370.00
Amgen Average Volume 2,190,516.00
Amgen PE 16.38
Amgen EPS 13.03
Stock Currency USD

Overview of Amgen

Amgen Inc. is an independent biotechnology medicines company that discovers, develops, manufactures and markets medicines for grievous illnesses. The Company focuses solely on human therapeutics and concentrates on innovating novel medicines based on advances in cellular and molecular biology.

Amgen is an American Health Care Biotech & Pharma company currently traded on the National Association of Securities Dealers Automated Quotations exchange (NASDAQ).

Amgen trades under the stock symbol AMGN on the NASDAQ.

Amgen shares are traded in USD.

Amgen has a current share price of $211.99 USD dated 31/01/2020.

The highest Amgen share price over the last 52 weeks was $244.99 USD and its lowest price over the last 52 weeks was $166.3 USD. That is a 52 week price range of $166.3 - $244.99.

Amgen Trading Volume and PE

Amgen currently has 594,184,000.00 active shares in circulation traded through the NASDAQ exchange.

Amgen market capitalization is $126,287,863,370.00 with an average daily trading volume of 2,190,516.00 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.

Amgen has a Price Earning Ratio ( PE ) of 16.38 and earning per share ( EPS ) of 13.03. Generally speaking Amgen having a high P/E ratio means that Amgen investors forsee increased growth with Amgen 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.

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

Amgen Financial Charts

Financial Details

Amgen Information

Amgen Location & Contact Information

Address One Amgen Center Drive Building 27 Thousand Oaks, CA 91320 United States
Phone Number 1-805-447-1000
Website URL www.amgen.com

Amgen Executives and Board Members

Chairman/President/CEO Robert A Bradway
Executive Vice President Anthony C Hooper Tony
Exec VP:Finance/CFO Peter H Griffith
Amgen Board Member Robert A Bradway
Amgen Board Member Robert A Eckert
Amgen Board Member Dr Ronald D Sugar

How To Buy Amgen Stock Guide

Buying Amgen Stocks and CFDs

When investing in Amgen you have several options as to what type of investment you wish to conduct. You can buy traditional Amgen 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 Amgen shares with stock brokers and trading Amgen with CFDs below.

Amgen 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 Amgen stock.

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

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

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

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

Contracts for difference are traded on margin which means to have $1000 invested in Amgen 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 Amgen. Trading an Amgen CFD allows investors to hold larger positions than their invested amount. Be aware that although investing in an Amgen CFD like this amplifies any potential profit. It always exaggerates your potential losses which may exceed your amount invested.

If you invested in an Amgen 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 Amgen share price. An Amgen CFD long would be hoping to profit from a rise in the Amgen share price. An Amgen CFD short would be aiming to profit from a fall in the Amgen stock price. Trading CFDs allows traders to profit from both directions of the Amgen price on the financial exchange. Giving traders greater chance to move with the financial markets.

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

Amgen CFD and Stock Market Times

When trading in traditional Amgen 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 Amgen 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 Amgen stock. This limits your risk to your initial amount invested in Amgen. You can only lose the amount invested with traditional Amgen shares. Another benefit of buying Amgen shares with a broker is that you may be eligible to receive Amgen company dividends if applicable.

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

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

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

Should I trade Amgen Stocks and Shares or Amgen CFDs?

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

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

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

Example Cost of Buying Amgen 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.

Amgen CFD trade example Amgen Share deal example
Market price $211.99 $211.99
Broker Deal Invest $42.398 at 1:5 Margin (20%) Buy at $211.99 a share
Deal size 100 shares 100 shares
Initial outlay

$4239.8

(Margin = exposure x 20% margin factor)

$21199

(100 shares at $211.99)
Stamp duty No £20
Close price Sell at $254.388 Sell at $254.388
Estimated Profit

(42.398 point increase x 100 shares = $4239.8)

*Not including commission fees and taxes

($25438.8 - $21199 = $4239.8)

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

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