Old Dominion Freight ( (ODFL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Old Dominion Freight shares have been climbing as investors anticipate the company’s upcoming fourth-quarter earnings report on February 4, encouraged by its earnings beat last quarter and solid revenue expectations. The stock’s strong performance so far this year and over the past six months has added to the momentum, even as analysts warn that near-term results and the broader market backdrop could still pose risks. As a result, recent price targets reflect a careful balance between Old Dominion’s strong operating performance and the uncertainty tied to its pending earnings release and overall market conditions.
More about Old Dominion Freight
YTD Price Performance: 10.46%
Average Trading Volume: 2,156,520
Technical Sentiment Signal: Strong Buy
Current Market Cap: $36.22B
For further insights into ODFL stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.