NasdaqGS:ODFLTransportation
Old Dominion Freight Line (ODFL): Reassessing Valuation After Strong Pricing Power and Fed-Driven Sentiment Shift
Old Dominion Freight Line (ODFL) just delivered an interesting mix of data, with November freight volumes slipping but revenue per hundredweight climbing, and the stock jumping after the Federal Reserve’s rate cut boosted sentiment around economically sensitive transport names.
See our latest analysis for Old Dominion Freight Line.
The November update landed in the middle of a broader rebound, with a roughly 14.9% 1 month share price return helping claw back some of this year’s weakness...