Old Dominion Freight Line Inc. stock underperforms Wednesday when compared to competitors
Published . Updated .
This report is about container shipping.
Directly affected
- ODFL Old Dominion Freight Line+7.4% 30d
Named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF+54.8% 19d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- MATX Matson-5.7% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- KEX Kirby-1.1% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ODFL | +9.74% | +5.41% | base | after close | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| IYTNo price data for this ticker | — | — | — | — | — | — | — |
| ZIM | -2.06% | -0.44% | base | after close | after close | after close | after close |
| MATX | -0.28% | +0.49% | base | after close | after close | after close | after close |
| KEXNo price data for this ticker | — | — | — | — | — | — | — |
| DAC | -0.63% | -0.48% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Old Dominion Freight Line Inc. stock underperforms Wednesday when compared to competitors MarketWatch
Source: MarketWatch
Shipping
| Company | When | Move | Status |
|---|---|---|---|
| DAC | three days earlier | -0.48% | final price |
| DAC | five days earlier | -0.63% | final price |
| MATX | three days earlier | +0.49% | final price |
| MATX | five days earlier | -0.28% | final price |
| ODFL | three days earlier | +5.41% | final price |
| ODFL | five days earlier | +9.74% | final price |
| ZIM | three days earlier | -0.44% | final price |
| ZIM | five days earlier | -2.06% | final price |
How solid the shipping case looks
12 out of 100
“Old Dominion Freight Line Inc. stock underperforms Wednesday when compared to competitors” scores 12 out of 100. The score uses 1 sources.