Old Dominion Freight Line Inc/va (ODFL) Files Form 4 Insider Buying : Leo H Suggs Buys 1,000 Shares

Old Dominion Freight Line Inc/va (ODFL): Leo H Suggs , director of Old Dominion Freight Line Inc/va purchased 1,000 shares on May 5, 2016. The Insider buying transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $63.00 per share for a total value of $63,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 24, 2015, Leo H Suggs (director) purchased 3,000 shares at $69.92 per share price.On Aug 11, 2015, David S Congdon (Vice Chairman and CEO) sold 3,780 shares at $72.73 per share price.

Shares of Old Dominion Freight Line (ODFL) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -1.34 points or -2.06% at $63.84 with 6,14,651 shares getting traded. Post opening the session at $64.67, the shares hit an intraday low of $63.68 and an intraday high of $65.13 and the price vacillated in this range throughout the day. The company has a market cap of $5,351 M and the number of outstanding shares has been calculated to be 8,38,18,609 shares. The 52-week high of Old Dominion Freight Line is $74.86 and the 52-week low is $48.92.

Old Dominion Freight Line Money Flow Index Chart

Company has been under the radar of several Street Analysts.Old Dominion Freight Line is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 69 from a previous price target of $65 .The Rating was issued on Apr 29, 2016.

Old Dominion Freight Line Inc. (Old Dominion) is a less-than-truckload (LTL) motor carrier providing regional inter-regional and national LTL service and logistics services. In addition to its LTL services it offers a range of services including international freight forwarding ground and air expedited transportation container delivery truckload brokerage supply chain consulting warehousing and consumer household pickup and delivery. Its infrastructure allows it to provide next-day and second-day service within each of its six regions covering the continental United States as well as inter-regional and national service between these regions. As of December 31 2014 it operated through 222 service center locations of which it owned 176 and leased 46. As of December 31 2014 it owned 6907 tractors. As of December 31 2014 it owned 27259 trailers.

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