Old Dominion Freight Line Inc/va (ODFL) Files Form 4 Insider Selling : David S Congdon Sells 2,200 Shares

Old Dominion Freight Line Inc/va (ODFL): David S Congdon , Vice Chairman and CEO of Old Dominion Freight Line Inc/va sold 2,200 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $65.41 per share for a total value of $143,902.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Leo H Suggs (director) purchased 1,000 shares at $63.00 per share price.On Aug 11, 2015, David S Congdon (Vice Chairman and CEO) sold 3,780 shares at $72.73 per share price.

Old Dominion Freight Line: On Tuesday, May 10, 2016 heightened volatility was witnessed in Old Dominion Freight Line which led to swings in the share price. The shares opened for trading at $64.95 and hit $65.56 on the upside , eventually ending the session at $65.25, with a gain of 0.83% or 0.54 points. The heightened volatility saw the trading volume jump to 6,40,325 shares. The 52-week high of the share price is $74.86 and the company has a market cap of $5,444 M . The 52-week low of the share price is at $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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