Business
Is the 11% drop in the Xero (ASX:XRO) share price a buying opportunity? – The Motley Fool Australia
The Xero Limited (ASX:XRO) share price is sinking 11% today following the release of its full year results. Is this a buying opportunity?
The Xero Limited(ASX: XRO) share price has come under significant pressure on Thursday.
In morning trade, the cloud-based business and accounting platform provider’s shares were down as much as 11.5% to $119.16.
At the time of writing, the Xero share price has recovered to be down 7.5% at $124.76.
Why is the Xero share price under pressure?
There have been a couple of catalysts for today’s weakness in the Xero share price.
The first is weakness in the tech sector following another selloff on the…
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