Old Dominion Freight Line Inc. Trading Volume Plummets 51.49% to 498th Position Despite Bank of America's Optimistic Price Target Hike

On June 17, 2025, Old Dominion Freight Line Inc. (ODFL) experienced a significant decline in trading volume, with a total of 1.55 billion shares traded, marking a 51.49% decrease from the previous day. This placed ODFL at the 498th position in terms of trading volume for the day. The stock price also saw a 1.75% drop, marking the third consecutive day of decline, with a total decrease of 3.54% over the past three days.

Bank of America Global Research recently raised its price target for Old Dominion Freight Line Inc. from $167 to $183, reflecting a more optimistic outlook on the company's future performance. This adjustment comes as Toronto Dominion Bank increased its stake in ODFL, indicating growing investor confidence in the freight transportation sector.