NortonLifeLock (NASDAQ:NLOK) Share Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

NortonLifeLock Inc (NASDAQ:NLOK) shares crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred 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 Trading Down 0.7%

The company has a market capitalization of $13.86 billion, a PE ratio of 16.96 and a beta of 0.76. The firm’s 50-day simple moving average is $26.54 and its 200-day simple moving average is $24.40.

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 filing with the Securities and Exchange Commission (SEC). The fund purchased 13,764 shares of the company’s stock, valued at approximately $343,000. 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.