Is Old Dominion Freight Line Inc (ODFL) a Stock to Watch After Losing -50.76% This Week?

The market has been down on Old Dominion Freight Line Inc (ODFL) stock recently. ODFL gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Old Dominion Freight Line Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ODFL!

See Full ODFL Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ODFL Stock Today?

Old Dominion Freight Line Inc (ODFL) stock is trading at $219.05 as of 3:50 PM on Thursday, Mar 28, a gain of $5.07, or 2.37% from the previous closing price of $213.98. The stock has traded between $213.21 and $220.71 so far today. Volume today is less active than usual. So far 646,755 shares have traded compared to average volume of 1,288,594 shares. To screen for more stocks like Old Dominion Freight Line Inc click here.

More About Old Dominion Freight Line Inc

Old Dominion Freight Line is the fourth- largest less-than-truckload carrier in the United States, with more than 240 service centers and 9,200-plus tractors. OD is by far one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry- leading service via consistent infrastructure investment. Click Here to get the full Stock Report for Old Dominion Freight Line Inc stock.