Large Outflow of Money Witnessed in Old Dominion Freight Line

Old Dominion Freight Line (NASDAQ:ODFL) had an volatile session and gained 0.02 points till last call. The price was at $60.07, gaining 0.02% till the last intraday data. The total uptick value was $4.89 million while the total downtick value was $7.65 million. The shares saw a net money flow of $(-2.76) million and the up/down ratio stood at 0.64. The stock has seen a change of of -3.91% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-2.21) million. Almost $0 million were received in upticks and approximately $2.21 million were lost in downticks, thereby giving the up/down ratio of 0.


Currently the company Insiders own 14.6% of Old Dominion Freight Line shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 17.24% . Institutional Investors own 81.36% of Old Dominion Freight Line shares. During last six month period, the net percent change held by insiders has seen a change of 17.24%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Congdon David S, director officer (Vice Chairman and CEO) of Old Dominion Freight Line Inc/Va, had unloaded 2,200 shares at an average price of $65.41 in a transaction dated on May 10, 2016. The total value of the transaction was worth $143,902.

Old Dominion Freight Line (NASDAQ:ODFL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.61 points or 1.02% at $59.44 with 760,153 shares getting traded. Post opening the session at $59.74, the shares hit an intraday low of $59.34 and an intraday high of $60.09 and the price was in this range throughout the day. The company has a market cap of $4,960 million and the number of outstanding shares have been calculated to be 83,440,538 shares. The 52-week high of Old Dominion Freight Line (NASDAQ:ODFL) is $74.86 and the 52-week low is $48.92.

Many analysts have stated their opinion on the company shares. Stifel Nicolaus downgrades its view on Old Dominion Freight Line (NASDAQ:ODFL) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on April 28, 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 6,907 tractors. As of December 31, 2014, it owned 27,259 trailers.

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