Business
The Xero (ASX:XRO) share price is now up 96% in 2020
The Xero Limited (ASX: XRO) share price has continued its remarkable run on Tuesday.
In afternoon trade the cloud-based business and accounting software provider’s shares are up a sizeable 9% to a new record high of $156.72.
This latest gain means the Xero share price is now up a sizeable 30% since this time last month and an even more mouth-watering 96% since the start of the year.
Why is the Xero share price charging higher?
There have been a few catalysts for the rampant rise in the Xero share price this year.
This includes its strong performance during the pandemic, bullish broker notes, and its inclusion in exclusive indices.
In respect to the latter, on Friday afternoon S&P Dow Jones Indices announced its quarterly…
-
Noosa News22 hours agoCrime scene established as body found at Echo Beach on Gold Coast
-
Noosa News22 hours agoBrisbane lawyer loses right to practise
-
Noosa News22 hours agoMan shot dead by police after confronting officers with machete and knife in Townsville, northeast Queensland
-
General24 hours agoCPR training saves life after Port Lincoln man collapses at car wash