Old Dominion Freight Line Bolsa (NASDAQ: ODFL)

Últimas noticias sobre Old Dominion Freight Line (NASDAQ:ODFL) Bolsa

Old Dominion Freight Line

Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns are head and shoulders above its peers. Strategic initiatives revolve around boosting network density through market share gains and maintaining industry-leading service (including ultralow cargo claims) via steadfast infrastructure investment.

Old Dominion Freight Line, Inc. - Common Stock

Old Dominion Freight Line Inc

Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) has outperformed the market over the past 10 years by 12.62% on an annualized basis producing an average annual return of 23.85%. Currently, Old Dominion Freight Line has a market capitalization of $42.57 billion. 
Buying $100 In ODFL: If an investor had bought $100 of ODFL stock 10 years ago, it would be worth $841.39 today based on a price of $198.63 for ODFL at the time of writing.
<h3>Old Dominion Freight Line's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727195410_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

ODFL

$100 Invested In This Stock 10 Years Ago Would Be Worth $800 Today

CC Lagator, co-founder of Options AI, shared his insights on the Friday&#8217;s episode of <a href="https://www.benzinga.com/premarket-prep">Benzinga&#8217;s PreMarket Prep</a>, cautioning traders to prepare for increased volatility in the week <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40948624/traders-brace-for-friday-volatility-as-over-5-trillion-in-options-expire-could-trip">following September&#8217;s &#8220;triple witching.&#8221; </a>
Hosted by Aaron Bry and Dennis Dick, the discussion highlighted how the massive expiration of key options contracts can drive unusual market activity and set the stage for turbulence ahead.
Triple witching, which occurs quarterly on the third Friday of March, June, September, and December, is when stock index futures, stock index options, and individual stock options expire simultaneously. 
This event often creates market turbulence, as traders scramble to close, roll over, or offset expiring contracts. 
Over $5 trillion in notional options, including $605 billion in single-stock options, are expected to expire during Friday's session.
Historically, triple witching has led to increased volatility and unusual price movements. The S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), closed in the red on the last three triple witching days:
<ul>
<li>June 21, 2024: S&amp;P 500 fell by 0.5%.</li>
<li>March 15, 2024: S&amp;P 500 dropped by 1%.</li>
<li>Dec. 15, 2023: S&amp;P 500 declined by 0.6%.</li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Witching Day &#x7C; PreMarket Prep" width="500" height="281" src="https://www.youtube.com/embed/Zq0gm-YmwUM?start=2238&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h2 class="wp-block-heading">Historical Weakness Post-Witching Week</h2>
During his appearance on <a href="https://www.benzinga.com/premarket-prep">Benzinga PreMarket Prep</a>, CC Lagator explained how the convergence of expiring options impacts the market.
&#8220;You might see some imbalances that you wouldn&#8217;t have seen on a normal day at the open,&#8221; CC Lagator said, highlighting how trading activity starts to unwind a couple of days before but accelerates toward the close of the session.
This often stems from big hedge funds and mutual funds rolling options positions into the next month, which can lead to increased volatility. He further noted that the market environment shifts drastically after triple witching, with traders facing a completely new landscape in the following week.
&#8220;Next week historically is a terrible week going back decades,&#8221; Lagator said, noting that the week after triple witching in September has rarely shown positive returns over the last 30 years.
With volatility expected to pick up, he cautioned that traders should brace for a challenging week due to the impact of unwinding positions on the broader market.
The conversation also turned to the Volatility Index (VIX), often referred to as the &#8220;fear gauge,&#8221; which CC Lagator described as being relatively low and attractive for call option buyers at these levels. 
&#8220;The VIX is at 16 right now, it&#8217;s not high,&#8221; CC Lagator stated, adding that it trades below its long-term average of 19. 
&#8220;If this was July and we were at all-time highs, the VIX would probably be 13,&#8221; he noted, attributing the slight uptick to recent market events and the seasonal volatility that accompanies the fall months. 
&#8220;For traders looking at the next month and a half, there&#8217;s not much worry about volatility dropping much lower than where it is now,&#8221; Lagator predicted, adding that &#8220;we're probably not seeing it hit 12 until Christmas.&#8221;
Lagator advised that traders could use this period of low volatility to their advantage when considering options positions. 
&#8220;If you were buying at-the-money options right now, you probably don&#8217;t have much to worry about in terms of volatility going much lower,&#8221; he said, emphasizing the stability of current volatility levels as a potential buying opportunity for those seeking to hedge or position themselves for a breakout.
A similar view has also been shared by Goldman Sachs, which estimates that, given macroeconomic conditions, the VIX should be at 24.5 points.
The investment bank issued a recommendation for investors to hedge their portfolios using VIX calls. Specifically, Goldman Sachs analysts advise buying CBOE Volatility Index (VIX) November calls at a strike price of 18.
<h2 class="wp-block-heading">S&amp;P 500&#8217;s 5 Top Gainers, 5 Worst Laggards After Friday&#8217;s Market Open</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Chg %</td>
</tr>
<tr>
<td>Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>13.34%</td>
</tr>
<tr>
<td>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</td>
<td>7.67%</td>
</tr>
<tr>
<td>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)</td>
<td>6.07%</td>
</tr>
<tr>
<td>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)</td>
<td>4.47%</td>
</tr>
<tr>
<td>Exelon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>)</td>
<td>2.35%</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Chg %</td>
</tr>
<tr>
<td>FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>)</td>
<td>-14.68%</td>
</tr>
<tr>
<td>Old Dominion Freight Line, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NYSE">ODFL</a>)</td>
<td>-4.72%</td>
</tr>
<tr>
<td>Viatris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTRS#NYSE">VTRS</a>)</td>
<td>-4.66%</td>
</tr>
<tr>
<td>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>)</td>
<td>-4.61%</td>
</tr>
<tr>
<td>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>-4.43%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data as of 10:00 a.m. ET</figcaption></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/40957270/interest-rate-divergence-weakens-dollar-to-17-month-low-against-yuan-xpeng-li-auto-among-4-stock-mov">Interest Rate Divergence Weakens Dollar To 17-Month Low Against Yuan: XPeng, Li Auto Among 4 Stock Movers</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Broad U.S. Equity ETFs

Options

ETFs

CRWD

VTRS

EXCLUSIVE: Options Expert Warns Of 'Terrible Week' After Friday's Triple Witching

WIIM

JBHT

UHAL

Shares of rail and transportation stocks are trading higher amid overall market strength following the Fed's rate cut.

Susquehanna analyst Bascome Majors maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Positive and raises the price target from $210 to $225.

Price Target

Analyst Ratings

Susquehanna Maintains Positive on Old Dominion Freight Line, Raises Price Target to $225

Benchmark analyst Chris Kuhn reiterates Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Old Dominion Freight Line

JP Morgan analyst Brian Ossenbeck maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Neutral and lowers the price target from $193 to $189.

JP Morgan Maintains Neutral on Old Dominion Freight Line, Lowers Price Target to $189

B of A Securities analyst Ken Hoexter maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Neutral and lowers the price target from $210 to $206.

B of A Securities Maintains Neutral on Old Dominion Freight Line, Lowers Price Target to $206

Old Dominion Freight Line shares are trading lower after Wells Fargo maintained an Underweight rating on the stock and lowered its price target from $175 to $170.

Stephens &amp; Co. analyst Daniel Imbro reiterates Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Overweight and maintains $214 price target.

Stephens & Co. Reiterates Overweight on Old Dominion Freight Line, Maintains $214 Price Target

Wells Fargo analyst Christian Wetherbee maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Underweight and lowers the price target from $175 to $170.

Wells Fargo Maintains Underweight on Old Dominion Freight Line, Lowers Price Target to $170

Old Dominion Freight Line's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NYSE">ODFL</a>) short percent of float has fallen 5.95% since its last report. The company recently reported that it has 5.84 million shares sold short, which is 4.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Old Dominion Freight Line Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725546621_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Old Dominion Freight Line has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Old Dominion Freight Line's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Old Dominion Freight Line's peer group average for short interest as a percentage of float is 4.59%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Old Dominion Freight Line's Recent Short Interest

Old Dominion Freight Line Reports 5.2% Decrease In August 2024 Revenue Per Day Due To 6.1% Decline In LTL Tons Per Day; LTL Revenue Per Hundredweight Increased 3.0%, Excluding Fuel Surcharges Up 4.9%; CEO Marty Freeman Attributes Results To Soft Domestic Economy And Lower Fuel Surcharges

Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) has outperformed the market over the past 10 years by 13.05% on an annualized basis producing an average annual return of 23.75%. Currently, Old Dominion Freight Line has a market capitalization of $41.90 billion. 
Buying $100 In ODFL: If an investor had bought $100 of ODFL stock 10 years ago, it would be worth $838.50 today based on a price of $195.51 for ODFL at the time of writing.
<h3>Old Dominion Freight Line's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725472816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Old Dominion Freight Line 10 Years Ago Would Be Worth This Much Today

Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) has outperformed the market over the past 15 years by 14.96% on an annualized basis producing an average annual return of 27.16%. Currently, Old Dominion Freight Line has a market capitalization of $42.67 billion. 
Buying $1000 In ODFL: If an investor had bought $1000 of ODFL stock 15 years ago, it would be worth $36,669.18 today based on a price of $199.12 for ODFL at the time of writing.
<h3>Old Dominion Freight Line's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724770822_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Old Dominion Freight Line 15 Years Ago Would Be Worth Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$58.00</td>
<td>$25.3K</td>
<td>2.4K</td>
<td>1.5K</td>
</tr>
<tr>
<td>EOSE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.50</td>
<td>$52.3K</td>
<td>15.1K</td>
<td>1.3K</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$370.00</td>
<td>$198.0K</td>
<td>2.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$170.00</td>
<td>$66.8K</td>
<td>619</td>
<td>607</td>
</tr>
<tr>
<td>WSO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$450.00</td>
<td>$171.6K</td>
<td>541</td>
<td>541</td>
</tr>
<tr>
<td>ODFL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$185.00</td>
<td>$70.0K</td>
<td>514</td>
<td>427</td>
</tr>
<tr>
<td>UAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$38.00</td>
<td>$45.8K</td>
<td>492</td>
<td>361</td>
</tr>
<tr>
<td>URI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$710.00</td>
<td>$351.4K</td>
<td>842</td>
<td>195</td>
</tr>
<tr>
<td>FTAI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$115.00</td>
<td>$29.5K</td>
<td>200</td>
<td>116</td>
</tr>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$80.00</td>
<td>$34.5K</td>
<td>5</td>
<td>82</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a put option sweep that happens to be bullish, expiring in 14 day(s) on August 16, 2024. This event was a transfer of 105 contract(s) at a $58.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $241.0 per contract. There were 2457 open contracts at this strike prior to today, and today 1593 contract(s) were bought and sold. 
• For EOSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>), we notice a call option trade that happens to be bearish, expiring in 532 day(s) on January 16, 2026. This event was a transfer of 499 contract(s) at a $1.50 strike. The total cost received by the writing party (or parties) was $52.3K, with a price of $105.0 per contract. There were 15174 open contracts at this strike prior to today, and today 1364 contract(s) were bought and sold. 
• For DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we notice a put option sweep that happens to be bearish, expiring in 14 day(s) on August 16, 2024. This event was a transfer of 89 contract(s) at a $370.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $198.0K, with a price of $2225.0 per contract. There were 2431 open contracts at this strike prior to today, and today 1013 contract(s) were bought and sold. 
• For GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we notice a put option sweep that happens to be bearish, expiring in 77 day(s) on October 18, 2024. This event was a transfer of 44 contract(s) at a $170.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $66.8K, with a price of $1519.0 per contract. There were 619 open contracts at this strike prior to today, and today 607 contract(s) were bought and sold. 
• For WSO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>), we notice a put option trade that happens to be bearish, expiring in 168 day(s) on January 17, 2025. This event was a transfer of 52 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $171.6K, with a price of $3300.0 per contract. There were 541 open contracts at this strike prior to today, and today 541 contract(s) were bought and sold. 
• For ODFL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>), we notice a put option trade that happens to be bullish, expiring in 14 day(s) on August 16, 2024. This event was a transfer of 350 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $200.0 per contract. There were 514 open contracts at this strike prior to today, and today 427 contract(s) were bought and sold. 
• For UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we notice a put option sweep that happens to be bullish, expiring in 140 day(s) on December 20, 2024. This event was a transfer of 163 contract(s) at a $38.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $45.8K, with a price of $281.0 per contract. There were 492 open contracts at this strike prior to today, and today 361 contract(s) were bought and sold. 
• Regarding URI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), we observe a put option trade with bearish sentiment. It expires in 49 day(s) on September 20, 2024. Parties traded 56 contract(s) at a $710.00 strike. The total cost received by the writing party (or parties) was $351.4K, with a price of $6276.0 per contract. There were 842 open contracts at this strike prior to today, and today 195 contract(s) were bought and sold. 
• Regarding FTAI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>), we observe a call option sweep with neutral sentiment. It expires in 49 day(s) on September 20, 2024. Parties traded 82 contract(s) at a $115.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.5K, with a price of $360.0 per contract. There were 200 open contracts at this strike prior to today, and today 116 contract(s) were bought and sold. 
• For CAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>), we notice a put option trade that happens to be bullish, expiring in 28 day(s) on August 30, 2024. This event was a transfer of 60 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $575.0 per contract. There were 5 open contracts at this strike prior to today, and today 82 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EOSE

FTAI

UBER

10 Industrials Stocks With Whale Alerts In Today's Session

The Nasdaq 100 index experienced another decline on Thursday, closing at its lowest level since early June after a volatile session. The previous day, the Nasdaq 100 dropped 3.7%, its <a href="https://www.benzinga.com/markets/equities/24/07/39943580/nasdaq-100-notches-worst-session-since-late-2022-falls-below-key-50-day-moving-average-is-the-ai">worst session since October 2022</a>.
Despite a higher-than-expected second-quarter GDP growth rate and decreasing price pressures, which briefly boosted stocks and risky assets and saw the Nasdaq 100 rising 0.9% during midday trading in New York, afternoon trading brought a sentiment shift as traders slightly reduced their Fed rate cut bets.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) tumbled as OpenAI introduced new search features to a <a href="https://www.benzinga.com/news/24/07/39968522/alphabet-stock-falls-as-openai-plans-searchgpt-what-investors-need-to-know">select group of users.</a>
Over the last two sessions, the Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), has fallen by 4.7%, marking its worst two-day drop since September 2022.
<h3 class="wp-block-heading">Chart: Nasdaq 100 Faces Worst 2-Day Dip Since September 2022</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-1024x487.png" alt="" class="wp-image-457894" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-1024x487.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-300x143.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-768x366.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-1536x731.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Thursday&#8217;s 10 Worst Performers Among Nasdaq 100 Stocks</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-9.03%</td>
</tr>
<tr>
<td>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)</td>
<td>-5.73%</td>
</tr>
<tr>
<td>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)</td>
<td>-5.45%</td>
</tr>
<tr>
<td>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>)</td>
<td>-5.26%</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>-4.36%</td>
</tr>
<tr>
<td>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>)</td>
<td>-3.86%</td>
</tr>
<tr>
<td>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>)</td>
<td>-3.79%</td>
</tr>
<tr>
<td>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>-3.67%</td>
</tr>
<tr>
<td>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>)</td>
<td>-3.57%</td>
</tr>
<tr>
<td>QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</td>
<td>-3.15%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>-3.07%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Thursday&#8217;s 5 Best Performers Among Nasdaq 100 Stocks</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>)</td>
<td>6.34%</td>
</tr>
<tr>
<td>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>)</td>
<td>5.74%</td>
</tr>
<tr>
<td>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>)</td>
<td>4.83%</td>
</tr>
<tr>
<td>Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>)</td>
<td>4.12%</td>
</tr>
<tr>
<td>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) </td>
<td>4.09%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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Nasdaq 100 Falls To 7-Week Lows, Marks Worst 2-Day Drop In Nearly 2 Years As Tech Rout Rages On

TD Cowen analyst Jason Seidl maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Hold and raises the price target from $206 to $214.

TD Cowen Maintains Hold on Old Dominion Freight Line, Raises Price Target to $214

Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) reported better-than-expected second-quarter 2024 <a href="https://www.benzinga.com/news/earnings/24/07/39936855/old-dominion-hits-double-digit-earnings-growth-for-first-time-in-over-a-year-shares-climb">results on Wednesday</a>.
The company reported a revenue increase of 6.1% year over year to $1.498 billion, in line with the consensus of $1.499 billion. EPS was $1.48, above the consensus of $1.46, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Old Dominion's operating cash flow was $387.8 million for the second quarter and $811.7 million for the six months that ended in June.
Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, "Old Dominion produced another quarter of profitable growth despite continued softness in the domestic economy. This was our third consecutive quarter with growth in both revenue and earnings per diluted share, and it was the first time in over a year where our earnings increased by double digits."
Old Dominion Freight Line shares gained 6.6% to trade at $207.52 on Thursday.
These analysts made changes to their price targets on Old Dominion Freight Line following the announcement.
<ul>
<li>Baird analyst Garrett Holland maintained Old Dominion Freight Line with an Outperform rating, while raising the price target from $205 to $215.</li>
<li>JP Morgan analyst Brian Ossenbeck maintained the stock with a Neutral and boosted the price target from $176 to $193.</li>
<li>BMO Capital analyst Fadi Chamoun maintained Old Dominion with an Outperform rating and increased the price target from $210 to $215.</li>
<li>Raymond James analyst Patrick Tyler Brown maintained Old Dominion with an Outperform rating, while increasing the price target from $190 to $209.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39961297/this-lululemon-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-thursday">This Lululemon Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday</a></li>
</ul>

Earnings

These Analysts Boost Their Forecasts On Old Dominion After Strong Earnings

Old Dominion Freight (ODFL – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Jason Seidl fr...

Mixed Performance Indicators Inform Hold Rating for Old Dominion Freight

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In a report released today, Christopher Kuhn from Benchmark Co. maintained a Hold rating on Old Dominion Freight (ODFL – Research Report). The comp...

Benchmark Co. Sticks to Its Hold Rating for Old Dominion Freight (ODFL)

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Barclays analyst Eric Morgan maintained a Hold rating on Old Dominion Freight (ODFL – Research Report) today and set a price target of $195.00. The...

Barclays Sticks to Their Hold Rating for Old Dominion Freight (ODFL)

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Press Releases

Old Dominion Freight Line to Webcast First Quarter 2024 Conference Call

Old Dominion Freight Line Reports First Quarter 2024 Earnings Per Diluted Share of $1.34

Old Dominion Freight Line Announces $0.26 Per Share Quarterly Cash Dividend

Old Dominion Freight Line Provides Update for Second Quarter 2024

Old Dominion Freight Line to Webcast Second Quarter 2024 Conference Call

Old Dominion Freight Line Releases 2023 ESG Data Supplement

Old Dominion Freight Line Reports Second Quarter 2024 Earnings Per Diluted Share of $1.48

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