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

These All Ordinaries shares have struggled lately but they were among the leaders of the pack today.
The post 3 beaten-up ASX All Ordinaries shares that surged higher today appeared first on The Motley Fool Australia. –

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:

In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.

— jack (@jack) April 26, 2022

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.

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More reading

Have ASX tech shares finally reached the bottom?

Appen shares may be at a 5-year low, but their dividend yield has never been higher

2 top ASX dividend shares to think about

Own ASX BNPL shares? These were the best performers of the March quarter

Why did the Appen share price rise by a strong 5% today?

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.

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