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.
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 $242.67 million.
Susquehanna downgraded its Old Dominion Freight Line, Inc [ODFL] rating to a Neutral from a a Positive in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Hold”. Stifel also remained covering ODFL and has decreased its forecast on October 21, 2024 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets revised its rating on October 18, 2024. It rated ODFL as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of ODFL
On Tuesday, Old Dominion Freight Line, Inc [NASDAQ:ODFL] saw its stock jump 1.63% to $183.62. Over the last five days, the stock has gained 0.52%. Old Dominion Freight Line, Inc shares have risen nearly 4.09% since the year began. Nevertheless, the stocks have fallen -5.55% over the past one year. While a 52-week high of $233.26 was reached on 01/06/25, a 52-week low of $165.49 was recorded on 01/02/25. SMA at 50 days reached $202.97, while 200 days put it at $195.15.
Levels Of Support And Resistance For ODFL Stock
The 24-hour chart illustrates a support level at 181.84, which if violated will result in even more drops to 180.06. On the upside, there is a resistance level at 184.63. A further resistance level may holdings at 185.64. The Relative Strength Index (RSI) on the 14-day chart is 42.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.93%. Stochastics %K at 49.69% 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 2024-12-31, growing by 0.63 million shares to a total of 8.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.03 million shares. There was a rise of 7.31%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 09, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $206 price target.
