Business
What’s with the Xero (ASX:XRO) share price drop today?
The S&P/ASX 200 Index (ASX: XJO) is having a pretty flat day today. At the time of writing, the ASX 200 is down a measly 0.08% to 6,851 points.
One ASX growth share is faring a little worse, though. The Xero Limited (ASX: XRO) share price is down 2.58% at the time of writing to $130.38 a share. Xero shares closed at $133.81 yesterday but opened at $133.47 this morning and have trended lower ever since.
Today’s move continues a trend in 2021 – a year that has surprisingly not been a good one for Xero. Since the start of the year, Xero shares are down 12%. In fact, Xero has fallen more than 15% since its last all-time high back in December.
To be fair, Xero did have a corker of a year in 2020, rising roughly 85% over the year….
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