How To Buy Symantec Stock

You can buy Symantec shares with one of the brokers below depending on the type of trading you wish to conduct. You can buy Symantec shares with a broker like eToro or you can trade Symantec CFDs with XTB you can begin trading Symantec shares right away.

If you are buying shares in UK or Europe eToro offer 0% free commission on stocks. This is a big eToro selling point.

when a client buys Symantec stock at 1x leverage with eToro its completely free and they are buying the underlying stock. Also with eToro, clients can buy fractional shares – Min deposit is $200, but $50 is the minimum trade on stocks. eToro are one of the cheapest places to buy stocks.

Broker eToro XTB Trading212 Plus500 FXPrimus FP Markets
Rating
Used By 12,000,000+ 250,000+ 14,000,000+ 15,500+ 10,000+ 10,000+
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Scroll down to read our indepth article on How To Buy Symantec Stock. What you should know, Types of trading Symantec Stock and CFD's. Pros and Cons, everything is explained below.

How To Buy Symantec Stock Table of Contents

Symantec Financial Details

Financial Details

Symantec Stock symbol NLOK
Symantec Sector and Industry Technology Software
Symantec Exchange NASDAQ - National Association of Securities Dealers Automated Quotations exchange
52 Week High $28.7
52 Week Low $17.5
Symantec Market Capitalisation $17,622,308,687.00
Symantec Average Volume 9,442,603.00
Symantec PE 20.18
Symantec EPS 1.4
Stock Currency USD

Overview of Symantec

Symantec is an American Technology Software company currently traded on the NASDAQ which fully known as the National Association of Securities Dealers Automated Quotations exchange.

Symantec trades under the stock symbol NLOK on the NASDAQ.

Symantec shares are exchanged in USD on the NASDAQ.

Symantec has a current share price of $28.25 USD dated 31/01/2020.

The highest Symantec share price over the last 52 weeks was $28.7 USD and its lowest price over the last 52 weeks was $17.5 USD. That is a 52 week price range of $17.5 - $28.7.

Symantec Trading Volume and PE

Symantec currently has 623,247,000.00 active shares in circulation traded through the NASDAQ exchange.

Symantec market capitalization is $17,622,308,687.00 with an average daily trading volume of 9,442,603.00 shares.

Trading volume is the amount a security that was traded during over a certain duration. When talking about shares volume refers to the number of shares that have been bought and sold during a given day.

Symantec has a Price Earning Ratio ( PE ) of 20.18 and earning per share ( EPS ) of 1.4. Generally speaking Symantec having a high P/E ratio means that Symantec investors forsee increased growth with Symantec in the future. The current average market P/E ratio is roughly 20 to 25 times earnings. Companies that are losing money do not have a P/E ratio.

Symantec earnings per share is Disney company profit that's allocated to every Symantec common stock. Earnings per share is calculated by taking the difference between Symantec's net earnings and dividends paid for preferred stock and then dividing that amount by the average amount of Symantec shares outstanding.

Symantec Financial Charts

Financial Details

Symantec Information

Symantec Location & Contact Information

Address 350 Ellis Street Mountain View, CA 94043 United States
Phone Number 1-650-527-8000
Website URL www.nortonlifelock.com

Symantec Executives and Board Members

Chief Executive Officer Vincent Pilette
President Samir Kapuria
Interim CFO Matthew Brown
Symantec Board Member Frank Emmanuel Dangeard
Symantec Board Member V Paul Unruh
Symantec Board Member Nora M Denzel

How To Buy Symantec Stock Guide

Buying Symantec Stocks and CFDs

When investing in Symantec you have several options as to what type of investment you wish to conduct. You can buy traditional Symantec shares with one of our listed brokers or you can trade what is known as CFDs or contracts for difference.

We explain in detail the difference between buying Symantec shares with stock brokers and trading Symantec with CFDs below.

Symantec CFD Trading vs Traditional Share Dealing

CFD trading is quite much like stock trading except when you exchange a CFD you do not actually own any Symantec stock.

If you buy Symantec shares with a stock broker you actually own a share of Symantec. When you trade a contract for difference (CFD) you have an agreement with your CFD broker and are speculating that the Symantec price will change up or down.

Lets explain why you would buy Symantec as a CFD instead of as a share.

If you went and brought 100 Symantec shares at $100 a share with a stock broker you own $1000 of Symantec.

The main difference when trading Symantec as a CFD and buying Symantec as a share is contracts for difference offer increased leverage.

Contracts for difference are traded on margin which means to have $1000 invested in Symantec you would not need to invest the full amount as you would with a stock broker. You could invest a fraction of the amount ( known as the CFD margin ) with a CFD to hold a similar position in Symantec. Trading an Symantec CFD allows investors to hold larger positions than their invested amount. Be aware that although investing in an Symantec CFD like this amplifies any potential profit. It always exaggerates your potential losses which may exceed your amount invested.

If you invested in an Symantec share with a stock broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. There is no leverage.

An Symantec CFD long would be hoping to profit from a rise in the Symantec share price. An Symantec CFD short would be aiming to profit from a fall in the Symantec stock price. Trading CFDs allows traders to profit from both directions of the Symantec price on the financial exchange. Giving traders greater chance to move with the financial markets.

With traditional Symantec shares you can only profit from a rise in the Symantec stock price.

Symantec CFD and Stock Market Times

When trading in traditional Symantec shares you are limited to when the stock exchange is open. You can only buy and sell with your broker when the market is open.

With CFD trading you can deal 24/7 around the clock.

Buying Symantec Shares with a Broker

Buying shares with a stock broker limits your risk to your initial investment as stock brokers require you to pay for the total amount of your investment. Stock brokers offer no leverage or loans when buying Symantec stock. This limits your risk to your initial amount invested in Symantec. You can only lose the amount invested with traditional Symantec shares. Another benefit of buying Symantec shares with a broker is that you may be eligible to receive Symantec company dividends if applicable.

If you Invest in Symantec via a CFD you have no shareholder privileges as you don't actually own any underlying assets in Symantec. If you buy Symantec stock with a broker you may receive shareholder perks and benefits. There are certain requirements to be eligible for some of these Symantec benefits as in owning a certain amount of stock for a set period.

If you own shares in Symantec you may be eligible to voting rights at Symantec shareholder general meetings.

Symantec Shares and CFDs and Tax

You should confirm with your local tax office but CFDs are free from stamp duty. When trading CFDs losses can be offset against profits when submitting your tax return.

Investment in Symantec Stocks and shares are only exempt from tax if the Symantec shares were brought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pensions ).

Should I trade Symantec Stocks and Shares or Symantec CFDs?

There are pros and cons to trading in both Symantec Stocks and CFDs. Which is better depends on each investor and a few factors.

Investing in Symantec stocks and shares is better suited for long term investments. Historically Symantec shares provide better returns over the long term, usually a 10 year period.

Symantec CFD trading is more suited to intra day and mid term traders. Wth intra day trading on an Symantec share investors aim to profit on the fluctuating highs and lows of the Symantec price throughout the day. Day trading as you can imagine focuses on profiting from the daily Symantec stock price change.

Both types of trading have different benefits and risks. Make sure you have a good understanding of what you are doing before you invest.

With CFD trading as you can short or long an Symantec stock you can hedge a trade against another trade.

A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of an Symantec share price for example to a known amount.

Example Cost of Buying Symantec as a CFD Trade and Shares Side by Side

*All values below are estimates and are for illustrative purposes only. Please visit a broker for correct prices.

CFD and Share deals differ from broker to broker so check you are aware of the actual costs with your brokers.

Symantec CFD trade example Symantec Share deal example
Market price $28.25 $28.25
Broker Deal Invest $5.65 at 1:5 Margin (20%) Buy at $28.25 a share
Deal size 100 shares 100 shares
Initial outlay

$565

(Margin = exposure x 20% margin factor)

$2825

(100 shares at $28.25)
Stamp duty No £20
Close price Sell at $33.9 Sell at $33.9
Estimated Profit

(5.65 point increase x 100 shares = $565)

*Not including commission fees and taxes

($3390 - $2825 = $565)

*Not including commission fees and taxes
Trade Symantec CFDs now with XTB Trade Symantec Shares now with Etoro

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Symantec shares and CFDs.

We compare multiple aspects of brokers to help you make a more education decision when investing in Symantec.