Better Buy: AbbVie vs. Biogen
For investors seeking stocks to put into their portfolios for the long term, healthcare's a great place to look. It's an industry where there's always going to be significant demand, especially as the population ages. Drug manufacturers AbbVie (NYSE: ABBV) and Biogen (NASDAQ: BIIB) are two of the bigger names in the industry, and their stocks offer investors two enticing approaches: one that's focused on growth, and another that's centered around stability and recurring income. Let's take a look at which is the better option today.
To say that Biogen's stock price has been unstable over the past year would be an understatement. Over the past 52 weeks, the drug manufacturer's stock has traded within a wide range of $215 to $375. Although it's technically down 18% since March 1, 2019, that number doesn't tell investors the full story. About a year ago, the company's stock went over a cliff, falling from $320 down to a low of about $215 after Biogen said it was going to scrap drug trials related to aducanumab, which treats Alzheimer's.
Then, in October, the company revived the drug, saying it was going to seek approval from U.S. regulators after collecting more data which showed the drug was making progress in fighting the disease after all. Shares popped, rising from about $220 to over $300 in the days following the news.
Source Fool.com
