Here's How Much You Would Have Made Owning Old Dominion Freight Line Stock In The Last 10 Years
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Old Dominion Freight Line (NASDAQ:ODFL) has produced an average annual return of 27.37%, outperforming the market by 17.67% on an annualized basis. With a current market capitalization of $43.08 billion, a $1000 investment in ODFL a decade ago would be worth $10,986.90 today. This showcases the significant impact of compounded returns on investment growth over time.
December 06, 2023 | 7:30 pm
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Old Dominion Freight Line has demonstrated strong performance with an average annual return of 27.37% over the past decade, significantly outperforming the market.
The historical performance of ODFL, as highlighted in the article, is likely to instill confidence in investors and could lead to a positive sentiment in the short term. The impressive 10-year track record may attract new investors looking for proven long-term growth, potentially driving the stock price up.
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RELEVANCE 100