![]() Because the split occurred after the market closed, APE started the August 22 trading session at $6.95, and AMC stock opened at $11.33. Thus, a total investment in AMC equals the sum of the share price of AMC shares plus APE shares.ĪMC closed the August 19 session at $18.02 per share. The share price of AMC's common stock was divided into two parts. On August 22, AMC Preferred Equity units began trading publicly on the NYSE. Through the issuance of APEs, AMC may have found a clever way to keep the hype around its stock high and prevent any massive drops in the price of its shares. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.66 billion.Finally, APEs also have a share-counting feature and should clear up AMC shareholders concerns that the stock has been manipulated by short sellers using synthetic shares to cover their short positions.ĪMC's management called the APE initiative "one of the most significant developments of the year." The transportation company reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. Old Dominion Freight Line ( NASDAQ:ODFL - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. 3 Truckers Stocks Cashing In On Logistics Demand.The stock's fifty day moving average price is $279.19 and its 200-day moving average price is $272.00. Old Dominion Freight Line has a 1 year low of $231.31 and a 1 year high of $373.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $30.98 billion, a P/E ratio of 25.71, a PEG ratio of 1.46 and a beta of 1.06. Shares of NASDAQ:ODFL opened at $277.18 on Friday. Old Dominion Freight Line Trading Up 1.7 % Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus price target of $292.19. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Finally, Evercore ISI dropped their price target on Old Dominion Freight Line from $334.00 to $301.00 and set an "in-line" rating for the company in a research note on Tuesday, July 12th. Wolfe Research lowered Old Dominion Freight Line from a "peer perform" rating to an "underperform" rating in a research note on Tuesday, July 12th. Susquehanna Bancshares dropped their price target on Old Dominion Freight Line from $285.00 to $270.00 in a research note on Thursday, July 28th. Wells Fargo & Company cut their target price on Old Dominion Freight Line from $300.00 to $287.00 and set an "overweight" rating for the company in a research report on Friday, July 15th. in a research report on Wednesday, August 17th. Vertical Research cut Old Dominion Freight Line from a "hold" rating to a "sell" rating and set a $260.00 price target for the company. Old Dominion Freight Line (ODFL): This Dividend Growth Stock Deserves Your AttentionĪ number of other analysts have also recently commented on the company.Citigroup's price target suggests a potential downside of 0.79% from the stock's previous close. Old Dominion Freight Line ( NASDAQ:ODFL - Get Rating) had its target price upped by Citigroup from $270.00 to $275.00 in a report released on Friday, The Fly reports. 10 Recession-Proof Stocks That Will Let You Wait Out the Bear.7 Stocks with the Pricing Power to Push Through High Inflation.7 Blue-Chip Dividend Stocks That Won’t be Impacted by Rising Interest Rates.7 Mid-Cap Stocks That Can be the Perfect Fit at Any Time.7 Stocks to Buy to Outrun Rising Interest Rates.7 Sports Betting Stocks to Buy for Their Long-Term Possibilities. ![]() 7 Water Stocks to Buy as the World Dries Up.7 Solar Stocks Leading the Clean Energy Boom.7 Railroad Stocks to Keep Your Portfolio Chugging Along.7 Agricultural Stocks to Buy to Keep Your Portfolio Well Fed.7 Streaming Stocks that Will Stand up to Streaming Fatigue.Will WWE Shares Wrestle Their Way Higher or Will They Tap Out?.Lucid Motors May Test Investors' Resolve, But Should They Sell?.3 Stocks With Market-Beating Price Performance.2 Regional Banks With Sector-Beating Price Performance.Could the Crash of the Pound Cause the Fed to Blink on Rates?.Clorox Pandemic Gains Have Been Bleached, Time to Get Back In?.Tesla Stock Predictions: Is Tesla’s Slide Worth a Second Glance?.The Trader's Guide to Equities Research. ![]()
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