In the last 3 weeks the stock price of Xero Ltd [XRO.NZX] (see one month chart above) has outstripped the rise in the NZX by 18% or 1000% more than the 2% rise on the NZX50 index (see chart below).
The stock price rose sharply after news on October 22 that an influential investor bought a large stake in the company but came back from that rise and evened out at the beginning of November.
Since then though the stock has risen from $1.65 to rise 15c to $1.80 at time of writing or just below 10%. This is an all-time high.
There has been nothing significant to report on developments over company progress so it looks like this is a case of the market getting carried away with itself.
Can the phantom Xero poster who keeps teasing me stop it please.
Xero @ Share Investor
Stock of the Day: Xero Ltd
Rod Drury ready for the long-haul with Xero
Share Investor Interview: Xero's Rod Drury
Xero Ltd: Download full Company Analysis
Rod Drury on Xero and Growing Business
Xero set for surprise to the Market?
Love Xero?
Share Investor's 2010 Stock Picks
Stock of the Week: Xero Ltd
Discuss Xero @ Share Investor Forum
Download Xero Company Reports
Recommended Fishpond Reading
Buy The Intelligent Investor & more @ Fishpond.co.nz
c Share Investor 2010
Hmmm,
ReplyDeleteRevenue way Up, Costs way Up, Loss way up?
Everything up
Sounds like the deal of the century to me.
Be nice to see something down for a change.
Cheers
Management seem bullish that they will make a profit in HY 2012 and will/should be judged severely by the market if they don't.
ReplyDelete