In a filing, Old Dominion Freight Line, Inc revealed its Director Gantt Greg C unloaded Company’s shares for reported $1.4 million on Oct 28 ’24. In the deal valued at $200.07 per share,7,000 shares were sold. As a result of this transaction, Gantt Greg C now holds 97,890 shares worth roughly $20.26 million.
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Then, Gantt Greg C bought 7,000 shares, generating $1,384,530 in total proceeds.
Before that, CONGDON DAVID S sold 10,000 shares. Old Dominion Freight Line, Inc shares valued at $1,951,700 were divested by the Executive Chairman at a price of $195.17 per share. As a result of the transaction, CONGDON DAVID S now holds 1,391,621 shares, worth roughly $288.08 million.
Stifel downgraded its Old Dominion Freight Line, Inc [ODFL] rating to a Hold from a a Buy in a research note published on October 21, 2024; the price target was decreased to $197 from $209. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Market perform”. Citigroup began covering ODFL with “Neutral” recommendation on October 09, 2024. TD Cowen maintained its rating on September 06, 2024. It rated ODFL as “a Hold”.
Price Performance Review of ODFL
On Tuesday, Old Dominion Freight Line, Inc [NASDAQ:ODFL] saw its stock jump 1.48% to $207.01. Over the last five days, the stock has gained 2.83%. Old Dominion Freight Line, Inc shares have risen nearly 2.14% since the year began. Nevertheless, the stocks have risen 5.53% 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 $195.95, while 200 days put it at $197.39.
Levels Of Support And Resistance For ODFL Stock
The 24-hour chart illustrates a support level at 204.06, which if violated will result in even more drops to 201.12. On the upside, there is a resistance level at 208.56. A further resistance level may holdings at 210.12. The Relative Strength Index (RSI) on the 14-day chart is 61.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.97%. Stochastics %K at 78.75% 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 2024-10-15, growing by 1.01 million shares to a total of 7.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.08 million shares. There was a rise of 14.19%, which implies that there is a positive sentiment for the stock.
