XRO stock files new shares, Melio briefing looms

SYDNEY, Feb 1, 2026, 17:42 AEDT — Market closed

  • Xero ended Friday at A$93.75, slipping 1.2% and hovering close to its 52-week low.
  • ASX filing reveals new shares will be quoted following employee awards and option exercises
  • Investors are gearing up for a Feb. 3 briefing spotlighting Melio and product demos

Shares of Xero Ltd (ASX: XRO) closed Friday at A$93.75, slipping 1.2%. The stock hovered just above its 52-week low of A$92.11 as the market headed into the weekend shutdown. Trading ranged from A$92.11 to A$94.69, with volume around 923,640 shares, according to Investing.com data. (Investing)

Why it matters now: local tech faces pressure beyond just interest rates. Finance News Network highlighted investor…

Source link