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Life360 Inc (360) $10.95

Location technology business 360 plunged 6.5% yesterday as investors bailed from tech names in fear of rising interest rates plus it probably suffered because the forced ETF / Fund buying was largely complete after the stock was promoted to the ASX200. In todays age this company’s family safety app certainly has a huge place in society although strong competition is likely to be ongoing, recently US listed rival Nextdoor (KIND US) has endured a very volatile journey over recent weeks more than halving from its November high – many people will value 360 with an eye on its US peer.

Considering the recent volatility since it joined the big board and KIND’s listing in the US, this is one to watch not play in our opinion, another 10-20% downside wouldn’t surprise.

360
MM is neutral 360
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Life360 Inc (360)
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