Looking At Old Dominion Freight Line's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Old Dominion Freight Line (NASDAQ:ODFL) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 90% bearish. The whales have been targeting a price range from $400.0 to $430.0 for ODFL over the last 3 months. The price of ODFL is currently down -1.37% at $413.73. Analysts have mixed ratings on the stock, with price targets ranging from $332 to $440.
August 04, 2023 | 10:14 am
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Old Dominion Freight Line has seen significant bearish options activity. The stock price is currently down and analysts have mixed ratings.
The unusual options activity, which is heavily bearish, indicates that traders expect the stock price to decrease. This, combined with the current downward trend in the stock price and the mixed analyst ratings, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100