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Citigroup upgrades Old Dominion Freight Line, Inc (ODFL) rating to a Buy

Old Dominion Freight Line, Inc’s filing revealed that its EVP and CFO Satterfield Adam N acquired Company’s shares for reported $0.43 million on Feb 28 ’25. In the deal valued at $175.93 per share,2,457 shares were bought. As a result of this transaction, Satterfield Adam N now holds 23,594 shares worth roughly $3.5 million.

Then, Gantt Greg C sold 6,414 shares, generating $1,320,450 in total proceeds. Upon selling the shares at $205.87, the Director now owns 104,266 shares.

Before that, Gantt Greg C bought 6,414 shares. Old Dominion Freight Line, Inc shares valued at $1,302,170 were divested by the Director at a price of $203.02 per share.

Citigroup upgraded its Old Dominion Freight Line, Inc [ODFL] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Deutsche Bank began covering ODFL with “Buy” recommendation on March 07, 2025. Stifel revised its rating on February 24, 2025. It rated ODFL as “a Buy” which previously was an “a Hold”.

Price Performance Review of ODFL

On Tuesday, Old Dominion Freight Line, Inc [NASDAQ:ODFL] saw its stock fall -2.03% to $148.34. Over the last five days, the stock has lost -11.22%. Old Dominion Freight Line, Inc shares have fallen nearly -15.91% since the year began. Nevertheless, the stocks have fallen -33.94% over the past one year. While a 52-week high of $233.26 was reached on 02/18/25, a 52-week low of $145.96 was recorded on 04/07/25. SMA at 50 days reached $177.79, while 200 days put it at $191.97.

Levels Of Support And Resistance For ODFL Stock

The 24-hour chart illustrates a support level at 143.96, which if violated will result in even more drops to 139.57. On the upside, there is a resistance level at 155.09. A further resistance level may holdings at 161.83. The Relative Strength Index (RSI) on the 14-day chart is 29.36, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.70%. Stochastics %K at 17.02% indicates the stock is a buying.

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 2025-03-14, growing by 1.08 million shares to a total of 10.87 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 9.79 million shares. There was a rise of 9.95%, which implies that there is a positive sentiment for the stock.

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