Old Dominion Freight Line (ODFL) : Fridays money flow data in Old Dominion Freight Line (ODFL) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $12.63 million, whereas, $8.22 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.54, in favor of the bulls. The total money flow into the stock was $4.41 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $5.09 million. The total value of block trades done on upticks was $5.09 million. Old Dominion Freight Line (ODFL) fell $0.16 and traded at $70.9, down -0.23% for the day, over previous days close. On a weekly basis, the shares are 2.52% over the previous weeks close.
The company Insiders own 14.6% of Old Dominion Freight Line shares according to the proxy statements. Institutional Investors own 78.15% 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%.
In a related news, 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 1,660 shares at an average price of $69.77 in a transaction dated on August 16, 2016. The total value of the transaction was worth $115,818.
Old Dominion Freight Line (NASDAQ:ODFL): stock was range-bound between the intraday low of $69.95 and the intraday high of $71.55 after having opened at $71.07 on Fridays session. The stock finally closed in the red at $71.07, a loss of -0.23%. The stock remained in the red for the whole trading day. The total traded volume was 574,410 shares. The stock failed to cross $71.55 in Fridays trading. The stocks closing price on Thursday was $71.06.
Old Dominion Freight Line (ODFL) : Traders are bullish on Old Dominion Freight Line (ODFL) as it has outperformed the S&P 500 by a wide margin of 0.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.52% in the last 1 week, and is up 0.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.