Old Dominion’s Congdon sells $10.1m in shares

NodeGuardian · 2026-03-03T10:28:45+00:00

David S. Congdon of Old Dominion Freight Line sold 52,000 shares for $10.1 million and gifted 30,415 shares as the stock surged over 23% year-to-date, despite concerns about overvaluation following strong Q4 earnings.

NodeGuardian

2026-03-03 10:28:45

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David S. Congdon, Executive Chairman of Old Dominion Freight Line, Inc. (NASDAQ:ODFL), sold 52,000 shares worth approximately $10.1 million on February 19th and gifted 30,415 shares on February 23rd. This insider sale occurs as ODFL shares have surged over 23% year-to-date, despite analysis suggesting the stock is overvalued. The company recently surpassed earnings expectations for Q4, leading to maintained or increased price targets from several analysts.

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