NortonLifeLock (NASDAQ:NLOK) Trading 1% Higher – Here’s Why

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

NortonLifeLock Stock Up 1.0%

The company has a market cap of $17.29 billion, a price-to-earnings ratio of 21.16 and a beta of 0.76. The company’s fifty day moving average price is $28.20 and its two-hundred day moving average price is $24.32.

Hedge Funds Weigh In On NortonLifeLock

A hedge fund recently bought a new stake in NortonLifeLock stock. Citizens Financial Group Inc. RI purchased a new stake in NortonLifeLock Inc (NASDAQ:NLOK) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,764 shares of the company’s stock, valued at approximately $343,000. 94.86% of the stock is owned by institutional investors.

About NortonLifeLock

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.