Old Dominion Freight Line, Inc.’s recently made public that its Director Kasarda John D. unloaded Company’s shares for reported $3.52 million on Feb 27 ’24. In the deal valued at $442.15 per share,7,972 shares were sold. As a result of this transaction, Kasarda John D. now holds 6,770 shares worth roughly $1.48 million.
Then, CONGDON DAVID S sold 34,000 shares, generating $14,993,133 in total proceeds. Upon selling the shares at $440.97, the Executive Chairman now owns 732,712 shares.
Before that, CONGDON DAVID S sold 24,100 shares. Old Dominion Freight Line, Inc. shares valued at $9,413,208 were divested by the Executive Chairman at a price of $390.59 per share. As a result of the transaction, CONGDON DAVID S now holds 766,754 shares, worth roughly $168.13 million.
JP Morgan initiated its Old Dominion Freight Line, Inc. [ODFL] rating to a Neutral in a research note published on March 11, 2024; the price target was $465. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Neutral”. Susquehanna also remained covering ODFL and has increased its forecast on January 08, 2024 with a “Positive” recommendation from previously “Neutral” rating. Deutsche Bank revised its rating on November 27, 2023. It rated ODFL as “a Hold” which previously was an “a Buy”.
Price Performance Review of ODFL
On Tuesday, Old Dominion Freight Line, Inc. [NASDAQ:ODFL] saw its stock jump 3.63% to $219.28. Over the last five days, the stock has lost -0.54%. Old Dominion Freight Line, Inc. shares have risen nearly 8.20% since the year began. Nevertheless, the stocks have risen 25.72% over the past one year. While a 52-week high of $227.80 was reached on 04/08/24, a 52-week low of $147.90 was recorded on 01/17/24. SMA at 50 days reached $217.08, while 200 days put it at $204.65. A total of 1.44 million shares were traded, compared to the trading of 1.05 million shares in the previous session.
Levels Of Support And Resistance For ODFL Stock
The 24-hour chart illustrates a support level at 213.41, which if violated will result in even more drops to 207.54. On the upside, there is a resistance level at 222.73. A further resistance level may holdings at 226.19. The Relative Strength Index (RSI) on the 14-day chart is 53.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.20%. Stochastics %K at 34.38% indicates the stock is a holding.
