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What does Old Dominion Freight Line have to offer investors after its most recent stock split? This Stock-Split Stock Is Up 269% Over the Past 5 Years. Here's Why It's a Buy Today.
The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
Old Dominion Freight Line, Inc. traces its origins to 1934 when husband and wife Earl Congdon Sr. and Lillian Congdon (née Herbert) founded the company with a single straight truck running between Richmond and Norfolk, Virginia. [7] [8] The name is a reference to a common nickname for the Commonwealth of Virginia, the "Old Dominion."
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
Old Dominion Steamship Company, also referred to as the Old Dominion Line, was a major cargo and passenger shipping company founded in 1867 [1] in Norfolk, Virginia. [ 2 ] [ 3 ] [ 4 ] History
In July 2022, GameStop — the fairy-tale stock at the center of history’s greatest short squeeze — announced a 4-for-1 stock split. That’s just one of many tech-related splits that have ...
The Oracle of Omaha has increased Berkshire Hathaway's stake by 262% in the only brand-name company set to conduct a reverse-stock split.
Matthew Thomas Ramsey (born October 21, 1977) is an American country music singer and songwriter who is the lead vocalist and rhythm guitarist of his band Old Dominion, [1] with several hit songs on country radio to his credit. [2] [3] [4]