Trade-Ideas: Old Dominion Freight Lines (ODFL) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Old Dominion Freight Lines ( ODFL) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Old Dominion Freight Lines as such a stock due to the following factors:

  • ODFL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $31.6 million.
  • ODFL has traded 42,463 shares today.
  • ODFL is trading at a new lifetime high.

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More details on ODFL:

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in North America. It provides regional, inter-regional, and national LTL services; and other logistics services. ODFL has a PE ratio of 26.6. Currently there are 3 analysts that rate Old Dominion Freight Lines a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Old Dominion Freight Lines has been 428,900 shares per day over the past 30 days. Old Dominion Freight Lines has a market cap of $6.0 billion and is part of the services sector and transportation industry. The stock has a beta of 1.14 and a short float of 1.2% with 2.06 days to cover. Shares are up 32.8% year-to-date as of the close of trading on Tuesday.

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