NortonLifeLock (NASDAQ:NLOK) Trading 0.4% Higher – Still a Buy?

Shares of NortonLifeLock Inc (NASDAQ:NLOKGet Free Report) traded up 0.4% during mid-day trading on Tuesday . The stock traded as high as $29.8650 and last traded at $29.29. 5,722,329 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 5,778,808 shares. The stock had previously closed at $29.17.

NortonLifeLock Stock Down 1.3%

The firm has a fifty day moving average of $26.02 and a 200-day moving average of $23.39. The firm has a market cap of $16.36 billion, a P/E ratio of 20.03 and a beta of 0.76.

Institutional Investors Weigh In On NortonLifeLock

An institutional investor recently bought a new stake in NortonLifeLock stock. Citizens Financial Group Inc. RI bought a new stake in NortonLifeLock Inc (NASDAQ:NLOKFree Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,764 shares of the company’s stock, valued at approximately $343,000. 94.86% of the stock is currently owned by institutional investors.

About NortonLifeLock

(Get Free Report)

NortonLifeLock Inc (NASDAQ: NLOK) is a provider of consumer cybersecurity and identity theft protection solutions. The company offers a portfolio of software and services designed to safeguard personal devices and online identities against a variety of digital threats. NortonLifeLock’s core products include antivirus protection, secure VPN, password management tools and dark web monitoring, all offered through subscription-based plans that aim to deliver ongoing threat detection and remediation.

The origins of NortonLifeLock trace back to the founding of Peter Norton Computing in 1982, which was later acquired by Symantec Corporation.

Further Reading

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