Family tracking stock 360 was the worst performing major tech stock on Monday courtesy of its major US earnings and planned future expansion. We have looked at the stock a few times in recent months generally concluding we would love to own it but it feels expensive, although with stocks on such massive growth trajectory’s its hard to pinpoint what is fair. Over the coming months if we see another few washout style sessions in a stock where momentum traders are likely long, MM will be considering 360 for our Active Growth Portfolio.
- We are keen on 360 in the $20-22 area, another couple of days like yesterday and we’re there.
