3 beaten-up ASX All Ordinaries shares that surged higher today

three boxers, two men and a woman, stand in their training wear with fists raised in a fighting stance with serious looks on their faces against a background of a boxing gym.three boxers, two men and a woman, stand in their training wear with fists raised in a fighting stance with serious looks on their faces against a background of a boxing gym.

It was a rough day to be an ASX All Ordinaries Index (ASX: XAO) share. The index finished the day down 2.11%, marking today as its worst since February.

But, ironically, some of its most besieged constituents finished in the green.

Let’s take a look at which struggling ASX All Ordinaries shares enjoyed a day in the sun.

Three embattled All Ordinaries shares trading higher

Appen Ltd (ASX: APX)

It’s been struggling over the last 20 months but the Appen share price dodged much of today’s carnage.

Shares in the artificial intelligence provider have tumbled 83% since their peak in August 2020.

But today, the ASX All Ordinaries tech share closed 1.51% higher at $6.73.

Meanwhile, many of its peers on the S&P/ASX All Technology Index (ASX: XTX) suffered losses today. The index closed 1.52% lower.

Ansell Limited (ASX: ANN)

The Ansell share price also closed in the green on Tuesday. The medical gloves manufacturer finished 0.88% higher today at $26.38 after hitting $26.80 in intraday trade.

There’s been no news from the COVID-19 winner today. However, reports have emerged claiming Ansell is planning to shut down its Russian glove-making factory in June, just in time for its first birthday.

The company’s decision to stop production at the plant follows Russia’s invasion of Ukraine.

Ansell is getting ready to suspend operations at the factory indefinitely, according to the Australian Financial Review.

The ASX All Ordinaries stock has tumbled 31% over the last 12 months, seemingly driven by its results for financial year 2021.

The company’s stock dropped 9% on the release of its full-year results. It hasn’t managed to claw its way out of the dip yet.

While the Ansell share price kept its head above water, the company’s home sector, the S&P/ASX 200 Health Care Index (ASX: XHJ), wasn’t so lucky. It closed down 0.75%.

Block Inc (ASX: SQ2)

The Block share price also finished in the green today despite its recent struggles. It closed 1.96% higher at $148.86.

The ASX All Ordinaries share is also listed in New York where its day in the green might have been born. The Block Inc (NYSE: SQ) share price launched 4.5% during Monday’s session overseas, reaching US$107.38.

Additionally, the company hit headlines over the weekend after its CEO and chair Jack Dorsey officially changed his title to Block head.

The interesting amendment – which doesn’t signal any change in responsibilities – was disclosed in an SEC filing on Friday.

And that’s not the only reason Dorsey’s name has popped up in the news today. Of course, he is the co-founder and former CEO of Twitter Inc (NYSE: TWTR).

The social media company has been purchased by Tesla Inc (NASDAQ: TSLA) CEO and the world’s richest person Elon Musk.

Musk is planning to remove Twitter from investors’ portfolios, taking the company private. Commenting on Musk’s takeover, Dorsey tweeted:


The All Ordinaries share has slumped 15% since it hit the ASX in January following the company’s takeover of Afterpay.

The post 3 beaten-up ASX All Ordinaries shares that surged higher today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Block right now?

Before you consider Block, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Block wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Appen Ltd, Block, Inc., Tesla, and Twitter. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool Australia has recommended Ansell Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/j83eSmP

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s