In a filing, Old Dominion Freight Line, Inc revealed its Affiliate CONGDON EARL E acquired Company’s shares for reported $1.62 million on Nov 19 ’24. In the deal valued at $213.99 per share,7,577 shares were bought.
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Then, SUGGS LEO H sold 3,000 shares, generating $676,320 in total proceeds. Upon selling the shares at $225.44, the Director now owns 7,383 shares.
Before that, CONGDON DAVID S sold 60,000 shares. Old Dominion Freight Line, Inc shares valued at $13,578,000 were divested by the Executive Chairman at a price of $226.30 per share. As a result of the transaction, CONGDON DAVID S now holds 1,321,596 shares, worth roughly $298.64 million.
Argus downgraded its Old Dominion Freight Line, Inc [ODFL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. BMO Capital Markets also remained covering ODFL and has decreased its forecast on October 18, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Citigroup started covering the stock on October 09, 2024. It rated ODFL as “a Neutral”.
Price Performance Review of ODFL
On Tuesday, Old Dominion Freight Line, Inc [NASDAQ:ODFL] saw its stock jump 0.38% to $225.97. Over the last five days, the stock has gained 6.69%. Old Dominion Freight Line, Inc shares have risen nearly 11.50% since the year began. Nevertheless, the stocks have risen 13.37% over the past one year. While a 52-week high of $233.26 was reached on 11/11/24, a 52-week low of $165.49 was recorded on 06/06/24. SMA at 50 days reached $205.12, while 200 days put it at $198.72.
Levels Of Support And Resistance For ODFL Stock
The 24-hour chart illustrates a support level at 223.13, which if violated will result in even more drops to 220.29. On the upside, there is a resistance level at 227.51. A further resistance level may holdings at 229.05. The Relative Strength Index (RSI) on the 14-day chart is 62.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.83%. Stochastics %K at 63.35% 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 2024-11-15, growing by 1.66 million shares to a total of 8.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.08 million shares. There was a rise of 18.96%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 06, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $209.
