NortonLifeLock (NASDAQ:NLOK) Share Price Breaks Below 200 Day Moving Average – Here’s Why

Shares of NortonLifeLock Inc (NASDAQ:NLOK) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $24.40 and traded as low as $23.96. NortonLifeLock shares last traded at $24.25, with a volume of 5,381,506 shares changing hands.

NortonLifeLock Price Performance

The firm’s 50-day moving average is $26.48 and its two-hundred day moving average is $24.39. The company has a market cap of $16.11 billion, a P/E ratio of 19.72 and a beta of 0.76.

Institutional Trading of NortonLifeLock

An institutional investor recently bought a new stake in NortonLifeLock stock. Citizens Financial Group Inc. RI purchased a new stake in NortonLifeLock Inc (NASDAQ:NLOK) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,764 shares of the company’s stock, valued at approximately $343,000. Hedge funds and other institutional investors own 94.86% of the company’s stock.

NortonLifeLock Company Profile

NortonLifeLock Inc was a cybersecurity company focused on helping consumers protect their devices, online identities and personal information. Its product portfolio included Norton antivirus and internet security software, LifeLock identity-theft protection and monitoring services, password-management tools, virtual private network services and related privacy and device-security solutions.

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