NortonLifeLock (NASDAQ:NLOK) Trading 1% Higher – What’s Next?

Shares of NortonLifeLock Inc (NASDAQ:NLOK) rose 1% on Monday . The company traded as high as $30.69 and last traded at $30.26. 4,797,380 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 5,778,808 shares. The stock had previously closed at $29.9650.

NortonLifeLock Stock Performance

The firm’s 50-day moving average is $28.30 and its 200 day moving average is $24.39. The firm has a market capitalization of $17.84 billion, a PE ratio of 21.84 and a beta of 0.76.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in NortonLifeLock stock. Citizens Financial Group Inc. RI bought a new stake in shares of NortonLifeLock Inc (NASDAQ:NLOK) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

NortonLifeLock Company Profile

NortonLifeLock Inc was a cybersecurity and identity-protection company that provided products and services designed to help consumers protect their devices, personal information and online identities. Its offerings included antivirus and malware protection, online privacy tools, password management, identity-theft monitoring and restoration services, as well as credit and personal-data monitoring through the LifeLock brand.

The company was created in 2019 when Broadcom acquired Symantec’s enterprise security business and the remaining consumer business adopted the NortonLifeLock name.