UPDATE: Xero responds to price inquiry as investors shun growth stocks

Tue, 24 Jun 2014

(Updated to include Xero price inquiry and response) By Suze Metherell June 24 (BusinessDesk) - Xero has responded to a stock market operator price inquiry after the cloud-based accounting software firm and Pacific Edge both fell to eight-month lows in morning trade as investors freed up cash for upcoming listings by selling growth stocks. The stock market regulator issued a 'please explain' notice to Xero over a 22 percent, or $6.31, decline in its share price since June 16 to an eight-month low $23 at 11 am today. The stock has "hist...

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