SELECT * FROM future.stocks WHERE name like '%biogen%' LIMIT 1; How To Buy Biogen Stock ? - Grow Your Financial Portfolio

How To Buy Biogen Stock

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

If you are buying shares in UK or Europe eToro offer 0% free commission on stocks. This is a big eToro selling point.

when a client buys Biogen stock at 1x leverage with eToro its completely free and they are buying the underlying stock. Also with eToro, clients can buy fractional shares – Min deposit is $200, but $50 is the minimum trade on stocks. eToro are one of the cheapest places to buy stocks.

Broker eToro Trading212 FP Markets Markets.com XTB Plus500
Rating
Used By 12,000,000+ 14,000,000+ 10,000+ 10,000+ 200,000+ 15,500+
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Scroll down to read our indepth article on How To Buy Biogen Stock. What you should know, Types of trading Biogen Stock and CFD's. Pros and Cons, everything is explained below.

Biogen Financial Details

Financial Details

Biogen Stock symbol BIIB
Biogen Sector and Industry Health Care Biotech & Pharma
Biogen Exchange NASDAQ - National Association of Securities Dealers Automated Quotations exchange
52 Week High $338.87
52 Week Low $215.78
Biogen Market Capitalisation $48,699,440,045.00
Biogen Average Volume 1,445,025.00
Biogen PE 9.6
Biogen EPS 28.12
Stock Currency USD

Overview of Biogen

Biogen is an American Health Care Biotech & Pharma company currently traded on the NASDAQ which fully known as the National Association of Securities Dealers Automated Quotations exchange.

Biogen trades under the stock symbol BIIB on the NASDAQ.

Biogen shares are exchanged in USD on the NASDAQ.

Biogen has a current share price of $269.88 USD dated 31/01/2020.

The highest Biogen share price over the last 52 weeks was $338.87 USD and its lowest price over the last 52 weeks was $215.78 USD. That is a 52 week price range of $215.78 - $338.87.

Biogen Trading Volume and PE

Biogen currently has 180,442,000.00 active shares in circulation traded through the NASDAQ exchange.

Biogen market capitalization is $48,699,440,045.00 with an average daily trading volume of 1,445,025.00 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.

Biogen has a Price Earning Ratio ( PE ) of 9.6 and earning per share ( EPS ) of 28.12. Generally speaking Biogen having a high P/E ratio means that Biogen investors forsee increased growth with Biogen 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.

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

Biogen Financial Charts

Financial Details

Biogen Information

Biogen Location & Contact Information

Address 225 Binney Street Cambridge, MA 02142 United States
Phone Number 1-781-464-2000
Website URL www.biogen.com

Biogen Executives and Board Members

Chief Executive Officer Michel Vounatsos
Exec VP/CFO Jeffrey D Capello
Exec VP/Chief Legal Ofcr/Secy Susan H Alexander
Biogen Board Member Dr Stelios Papadopoulos
Biogen Board Member Dr Stephen A Sherwin
Biogen Board Member William A Hawkins III

How To Buy Biogen Stock Guide

Buying Biogen Stocks and CFDs

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

Biogen 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 Biogen stock.

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

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

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

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

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

If you invested in an Biogen 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.

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

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

Biogen CFD and Stock Market Times

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

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

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

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

Should I trade Biogen Stocks and Shares or Biogen CFDs?

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

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

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

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 Biogen 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 Biogen share price for example to a known amount.

Example Cost of Buying Biogen 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.

Biogen CFD trade example Biogen Share deal example
Market price $269.88 $269.88
Broker Deal Invest $53.976 at 1:5 Margin (20%) Buy at $269.88 a share
Deal size 100 shares 100 shares
Initial outlay

$5397.6

(Margin = exposure x 20% margin factor)

$26988

(100 shares at $269.88)
Stamp duty No £20
Close price Sell at $323.856 Sell at $323.856
Estimated Profit

(53.976 point increase x 100 shares = $5397.6)

*Not including commission fees and taxes

($32385.6 - $26988 = $5397.6)

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

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Biogen shares and CFDs.

We compare multiple aspects of brokers to help you make a more education decision when investing in Biogen.