Earl Congdon, an insider at Old Dominion Freight Line (NASDAQ:ODFL), sold 25,000 shares of the company’s stock for approximately $4.90 million, reducing his stake by 1.14%. The sale occurred after the company reported better-than-expected quarterly earnings and increased its quarterly dividend. ODFL’s stock price rose by 2.4% following the earnings beat.
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Earl Congdon Sells 25,000 Shares of Old Dominion Freight Line (NASDAQ:ODFL) Stock
Earl Congdon, an insider at Old Dominion Freight Line (NASDAQ:ODFL), sold 25,000 shares of the company’s stock for approximately $4.90 million, reducing his stake by 1.14%. The sale occurred after the company reported better-than-expected quarterly earnings and increased its quarterly dividend. ODFL’s stock price rose by 2.4% following the earnings beat.