ODFL Surges in Volume to 228th Rank Amid 24.8% YTD Drop

Old Dominion Freight Line (ODFL) rose 2.88% on Aug. 19, with a trading volume of $410 million, up 138.76% from the previous day and ranking 228th in market activity. The stock has underperformed broader indices and industry benchmarks over the past year, with a 24.8% decline in the last 52 weeks and a 14.7% drop year-to-date, contrasting with a 16.1% gain in the S&P 500 and 8% rise in the iShares Transportation Average ETF. A 9.7% single-session plunge followed weak Q2 results, marked by a 6.1% revenue decline to $1.4 billion and a 14.2% drop in earnings per share to $1.27, missing expectations. Analysts project adjusted earnings of $4.93 for fiscal 2025, a 10% year-over-year decline.

Analyst sentiment remains mixed, with 23 analysts covering the stock, including seven "Strong Buys," one "Moderate Buy," 12 "Holds," and three "Strong Sells." Baird analyst Daniel Moore recently cut his price target from $164 to $148, maintaining a "Neutral" stance. The mean price target of $159.64 implies a 6.1% upside from current levels, while the highest target of $195 suggests 29.6% potential. The stock’s underperformance reflects ongoing macroeconomic challenges, including a 9.3% decline in LTL tons per day and margin pressures from softer demand.

The strategy of buying the top 500 stocks by daily trading volume and holding for one day generated a total profit of $2,940 between Dec. 2022 and Aug. 2025, with a maximum drawdown of $1,960. This highlights the volatile nature of the approach, as the peak-to-trough decline reached 19.6% during the period.