Old Dominion Freight Line, Inc.’s recently made public that its Executive Chairman CONGDON DAVID S unloaded Company’s shares for reported $1.95 million on Aug 29 ’24. In the deal valued at $195.17 per share,10,000 shares were sold. As a result of this transaction, CONGDON DAVID S now holds 1,391,621 shares worth roughly $-281.73 million.
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Then, CONGDON DAVID S sold 10,025 shares, generating $1,906,655 in total proceeds. Upon selling the shares at $190.19, the Executive Chairman now owns 1,381,596 shares.
Before that, CONGDON DAVID S bought 10,025 shares. Old Dominion Freight Line, Inc. shares valued at $1,906,624 were divested by the Affiliate at a price of $190.19 per share.
Citigroup initiated its Old Dominion Freight Line, Inc. [ODFL] rating to a Neutral in a research note published on October 09, 2024; the price target was $206. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early September has reiterated a ‘”a Hold”‘ rating for it. Evercore ISI also remained covering ODFL and has decreased its forecast on June 25, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Wells Fargo started covering the stock on June 07, 2024. It rated ODFL as “an Underweight”.
Price Performance Review of ODFL
On Monday, Old Dominion Freight Line, Inc. [NASDAQ:ODFL] saw its stock jump 1.44% to $202.45. Over the last five days, the stock has gained 7.35%. Old Dominion Freight Line, Inc. shares have fallen nearly -0.11% since the year began. Nevertheless, the stocks have fallen -4.52% over the past one year. While a 52-week high of $227.80 was reached on 04/08/24, a 52-week low of $165.49 was recorded on 06/06/24. SMA at 50 days reached $195.05, while 200 days put it at $197.03.
Levels Of Support And Resistance For ODFL Stock
The 24-hour chart illustrates a support level at 199.37, which if violated will result in even more drops to 196.30. On the upside, there is a resistance level at 204.02. A further resistance level may holdings at 205.60. The Relative Strength Index (RSI) on the 14-day chart is 59.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.53%. Stochastics %K at 71.52% indicates the stock is a holding.
How much short interest is there in Old Dominion Freight Line, Inc.?
A steep rise in short interest was recorded in Old Dominion Freight Line, Inc. stocks on 2024-09-30, growing by 0.65 million shares to a total of 6.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.99 million shares. There was a rise of 9.8%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 05, 2024 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $210 price target.
