Old Dominion Freight Line Declares 2-For-1 Stock Split
Portfolio Pulse from Benzinga Newsdesk
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) announced a two-for-one stock split, effective March 27, 2024, for shareholders of record as of March 13, 2024. This will double the number of shares to approximately 217,600,000.
February 16, 2024 | 4:25 pm
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Old Dominion Freight Line, Inc. (ODFL) has announced a two-for-one stock split, effectively doubling the number of shares to approximately 217,600,000.
Stock splits often lead to increased investor interest and can make shares more accessible due to the lower price per share post-split. This could potentially lead to a short-term increase in stock price due to heightened buying activity. However, the fundamental value of the company remains unchanged.
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