Old Dominion Freight Line Trading Volume Plummets 32.35 Percent to 358th Position

On April 10, 2025, Old Dominion Freight Line (ODFL) experienced a significant decline in trading volume, with a total turnover of 3.41 billion, marking a 32.35% decrease from the previous day. This placed ODFL at the 358th position in terms of trading volume for the day. The stock price of ODFL also saw a notable decrease, falling by 5.28%.

Citigroup recently upgraded its outlook for Old Dominion Freight Line (ODFL) from Neutral to Buy. This change in rating reflects a more optimistic view of the company's prospects, which could potentially influence investor sentiment and stock performance. The upgrade comes as several major shareholders have adjusted their positions in ODFL. Price T Rowe Associates, for instance, reduced its holdings from 18,270K shares to 15,781K shares, representing a decrease of 15.78%. Similarly, CIBC Private Wealth Group decreased its holdings from 8,806K shares to 8,686K shares, a reduction of 1.37%.

Other significant shareholders, such as VTSMX - Vanguard Total Stock Market Index Fund Investor Shares and Bank of New York Mellon, also reduced their holdings in ODFL. VTSMX decreased its shares from 6,113K to 6,018K, while Bank of New York Mellon reduced its holdings from 6,104K to 5,873K shares. Despite these reductions, VFINX - Vanguard 500 Index Fund Investor Shares increased its holdings from 4,938K to 5,086K shares, indicating a slight bullish sentiment among some investors.