3 ASX All Ordinaries shares going gangbusters on Friday

Combined, these three All Ords stocks have gained an average of 21% today.
The post 3 ASX All Ordinaries shares going gangbusters on Friday appeared first on The Motley Fool Australia. –

All Ordinaries Index (ASX: XAO) shares are managing to hold onto their gains this afternoon, with the All Ords up 0.6% at time of writing.

While that’s a healthy gain for the index to end the week, three ASX All Ordinaries shares are leaping well ahead of the benchmark.

The first 2 stocks leading the charge

Up 17.6% today, Latitude Group Holdings Ltd (ASX: LFS) is certainly doing its part to boost the index.

With no fresh price-sensitive news from the company, investors could be re-evaluating the impact of the company’s decision not to move forward with its proposed $250 million acquisition of Humm Group Ltd (ASX: HUM)’s buy now, pay later (BNPL) business.

BNPL shares are some of the best performers on the ASX today.

Following today’s lift, the Latitude share price is down 36% so far in 2022.

Our second All Ordinaries share charging higher on Friday is Betmakers Technology Group Ltd (ASX: BET), up 20% at the time of writing.

The All Ordinaries share provides data and analytic products for the B2B wagering market.

Investors are snapping up the stock after the company reported this morning it plans an on-market share buyback of as much as 10% of its outstanding shares, or more than 90 million shares.

The Betmakers share price remains down 55% year-to-date, despite the big bounce today.

Our top performing ASX All Ordinaries share

Moving on to our top-performing ASX All Ordinaries share, we have Vulcan Energy Resources Ltd (ASX: VUL).

The lithium and battery metals explorer and producer’s shares are up 26.8% today.

Investor enthusiasm was stoked by a release this morning reporting that international giant Stellantis has invested $76 million in Vulcan Energy. Stellantis subsidiaries include global vehicle names like Peugeot, Chrysler, Citroën, Opel, Dodge, and Maserati.

Stellantis is paying $6.62 per share, still some 4.4% above the current Vulcan share price.

The ASX All Ordinaries share remains down 41% year-to-date.

The post 3 ASX All Ordinaries shares going gangbusters on Friday appeared first on The Motley Fool Australia.

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More reading

Latitude share price launches 19% in first major gain since scrapped Humm deal
Why Betmakers, Block, Lake Resources, and Vulcan shares are racing higher
Here’s why the Betmakers share price is rocketing 22% on Friday
Vulcan share price rockets 25% on Stellantis deal
Vulcan share price on watch amid landmark $76 million automaker investment

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Betmakers Technology Group Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd and Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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