Old Dominion Freight Line, Inc. (ODFL) is a major North American less-than-truckload motor carrier with a market cap of $31.2 billion, offering regional, inter-regional, and national LTL services, along with value-added services like container drayage and supply chain consulting.

Despite being a large-cap stock, ODFL’s stock has plummeted 37.3% from its all-time high and 12.9% in the last three months, significantly underperforming the S&P 500 Index.

ODFL’s stock has dropped 17.1% YTD and 23.5% over the past 52 weeks, trading below its moving averages since early this year, indicating a bearish trend in its performance.

Following disappointing Q2 results, ODFL stock plunged nearly 9.7% in a single trading session due to macroeconomic headwinds, resulting in a 6.1% decline in total revenues and a 14.2% drop in EPS year-over-year.

Analysts rate ODFL stock as a “Hold,” with a mean price target of $162.19, suggesting a 10.9% upside potential from current levels.

Read more at Yahoo Finance: Is Old Dominion Freight Line Underperforming the S&P 500?