Xero shares climb 24% in one week, as seller leaves the market

Mon, 23 Feb 2015

By Suze Metherell Feb. 23 (BusinessDesk) - Shares of Xero, the cloud-based accounting software firm, have jumped 24 percent over the past week, amid market speculation a large seller has left the market. The stock climbed as much as $4 to an intraday high of $20.40, the highest since October, from last Monday's closing price of $16.40. The stock recently traded at $20.00. The Wellington-based firm's stock came under selling pressure last year, falling from a high of $45.99 in March to as low as $15 last October as investors mulled the...

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