CAR released a weaker than expected update yesterday and the announced the departure of their long standing CEO. We see better risk/reward allocating these funds back into Xero (XRO) following their pullback.
MM are selling CAR in the Active Growth portfolio, taking a profit around ~$36.50
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We are buying back into Xero following the capital raise holding a positive view on their recent acquisition in the U.S.
MM are buying XRO in the Active Growth Portfolio, allocating 4% around $180
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