Xero says share price surge reflects upbeat press, growing US awareness, tightly held register

Xero says share price surge reflects upbeat press, growing US awareness, tightly held register
By Paul McBeth Jan. 16 (BusinessDesk) - Xero, whose shares soared 333 percent in 2013, has put down a rising share price to positive press, a growing brand in the US and high volatility from being closely held after getting a ‘please explain’ notice from the stock market regulator. The share market supervisor questioned a 42 percent gain in the Xero share price from Dec. 5 to Jan. 16, since the last price sensitive announcement was made in late November. The shares fell 2 percent to $41.51 today, having reached a new intraday high of $43.30...