In a filing, Old Dominion Freight Line, Inc. revealed 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 $1.25 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 $141.69 million.
Vertical Research upgraded its Old Dominion Freight Line, Inc. [ODFL] rating to a Hold from a a Sell in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Hold”‘ rating for it. JP Morgan began covering ODFL with “Neutral” recommendation on March 11, 2024. BofA Securities revised its rating on March 06, 2024. It rated ODFL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ODFL
On Tuesday, Old Dominion Freight Line, Inc. [NASDAQ:ODFL] saw its stock jump 2.56% to $184.79. Over the last five days, the stock has gained 1.70%. Old Dominion Freight Line, Inc. shares have fallen nearly -8.82% since the year began. Nevertheless, the stocks have risen 16.60% 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 05/01/24. SMA at 50 days reached $211.13, while 200 days put it at $204.31. A total of 1.75 million shares were traded, compared to the trading of 2.07 million shares in the previous session.
Levels Of Support And Resistance For ODFL Stock
The 24-hour chart illustrates a support level at 182.12, which if violated will result in even more drops to 179.45. On the upside, there is a resistance level at 186.53. A further resistance level may holdings at 188.27. The Relative Strength Index (RSI) on the 14-day chart is 36.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.39%. Stochastics %K at 9.96% indicates the stock is a buying.
