Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Old Dominion Freight Line, Inc. shares valued at $1,951,700 were sold by CONGDON DAVID S on Aug 29 ’24. At $195.17 per share, CONGDON DAVID S sold 10,000 shares. The insider’s holdings dropped to 1,391,621 shares worth approximately $280.44 million following the completion of this transaction.
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Also, CONGDON DAVID S sold 10,025 shares, netting a total of over 1,906,655 in proceeds. Following the sale of shares at $190.19 each, the insider now holds 1,381,596 shares.
Before that, CONGDON DAVID S had added 10,025 shares to its account. In a trade valued at $1,906,624, the Affiliate bought Old Dominion Freight Line, Inc. shares for $190.19 each.
As published in their initiating research note from Citigroup on October 09, 2024, Old Dominion Freight Line, Inc. [ODFL] has been a Neutral and the price target has been revised to $206. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early September. As of June 25, 2024, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for ODFL. Earlier on June 07, 2024, Wells Fargo initiated its rating. Their recommendation was “an Underweight” for ODFL stock.
Analyzing ODFL Stock Performance
During the last five days, there has been a surge of approximately 3.56%. Over the course of the year, Old Dominion Freight Line, Inc. shares have dropped approximately -0.56%. Shares of the company reached a 52-week high of $227.80 on 04/08/24 and a 52-week low of $165.49 on 06/06/24. A 50-day SMA is recorded $195.47, while a 200-day SMA reached $197.02. Nevertheless, trading volume fell to 1.27 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Old Dominion Freight Line, Inc. (ODFL)
According to the 24-hour chart, there is a support level at 199.95, which, if violated, would cause prices to drop to 198.39. In the upper region, resistance lies at 203.47. The next price resistance is at 205.43. RSI (Relative Strength Index) is 57.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.87, which suggests the price will increase in the coming days. Percent R is at 30.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
