NortonLifeLock (NASDAQ:NLOK) Stock Price Up 0.5% - Still a Buy?

Key Points

• The share price of NortonLifeLock Inc rose 0.5% to last trade at $29.66, with a total of approximately 4.38 million shares traded.
• Wall Street Zen initiated coverage on the stock with a "buy" rating, indicating potential positive sentiment among analysts.
• The company's market capitalization stands at $16.95 billion, with a PE ratio of 20.74 and a beta of 0.76, reflecting its stock stability.

NortonLifeLock Inc (NASDAQ:NLOK - Get Free Report) shares rose 0.5% during mid-day trading on Thursday . The company traded as high as $29.68 and last traded at $29.66. Approximately 4,382,500 shares changed hands during trading, a decline of 24% from the average daily volume of 5,778,808 shares. The stock had previously closed at $29.50.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on NortonLifeLock in a research report on Friday, May 16th. They set a "buy" rating for the company.

NortonLifeLock Trading Down 1.5%

The company has a market capitalization of $16.84 billion, a PE ratio of 20.61 and a beta of 0.76. The stock has a fifty day moving average of $30.23 and a two-hundred day moving average of $28.30.

About NortonLifeLock

Gen Digital, Inc engages in the provision of security, storage, and systems management solutions. The firm focuses on providing consumer cyber safety with its business solutions. The company was founded by Gary Hendrix in April 1982 and is headquartered in Tempe, AZ.