These stocks are defying the index’s slip to post notable gains.
The post 3 ASX All Ordinaries shares having a stellar run on Wednesday appeared first on The Motley Fool Australia. –
Today is yet another rough day for the All Ordinaries Index (ASX: XAO), but not all the shares among its ranks are in the red.
Right now, the benchmark index is trading 0.11% lower than at Tuesday’s close and 2.5% lower than at the end of last week.
Let’s take a look at the stocks defying the downturn to record notable gains on Wednesday.
3 ASX All Ordinaries shares outperforming today
Lifestyle Communities Limited (ASX: LIC)
The Lifestyle Communities share price is one of the All Ordinaries Index’s best performers on Wednesday. Its share price is currently boasting a 11.13% gain, trading at $13.48.
It’s gaining amid news of insider buying. One of the company’s directors, Nicola Roxon, snapped up 1,000 more Lifestyle Communities shares in an on-market trade valued at $12,050 yesterday.
Of course, insider buying tends to boost sentiment in listed companies as it seemingly shows those ‘in the know’ believe a stock is trading at a good price.
Accent Group Ltd (ASX: AX1)
The Accent Group share price is also launching upwards on Wednesday, gaining 6.4% to trade at $1.37.
While there’s been no price sensitive news out of the All Ordinaries stock, one of the richest Australians, Brett Blundy has upped his stake in the company.
Blundy resigned as a company director in 2020 before being reappointed in April 2022.
His investment firm BBRC World just splashed out on $6.3 million worth of Accent shares, bringing the firm’s voting power in the company to 19%.
Judo Capital Holdings Ltd (ASX: JDO)
Finally, the Judo share price is besting many of its All Ordinaries peers to post a 2.85% gain on Wednesday afternoon. Right now, stock in the bank is swapping hands for $1.63 apiece.
It comes after the bank released its investor day presentation to the market. In the presentation Judo announced it expects to meet or beat its previously given guidance for this financial year.
The company also noted that it has positive leverage to rising interest rates and favourable current funding markets.
The post 3 ASX All Ordinaries shares having a stellar run on Wednesday appeared first on The Motley Fool Australia.
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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. has positions in and has recommended Judo Capital Holdings Limited. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.