Costco Wholesale Corp. Stock Falls Thursday, Underperforms Market

Old Dominion Freight Line Inc

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Industrials : Ground Transportation | Mid Cap Growth

Company profile

Old Dominion Freight Line, Inc. is a North American less-than-truckload (LTL) motor carriers. The Company provides regional, inter-regional and national LTL services through a single integrated, union-free organization. Its service offerings include expedited transportation, which is provided through a network of service centers located throughout the continental United States. It offers a range of value-added services including container drayage, truckload brokerage, and supply chain consulting. It operates approximately 255 service center locations, of which the Company owns 231 and leases 24. Its service centers are responsible for the pickup and delivery of freight within their local service area. Its system offers its customers access to information such as freight tracking, shipping documents, rate quotes, rate databases, and account activity. These centralized systems and its customer service department provide its customers with a single point of contact to access information.

Costco Wholesale Corp. Stock Falls Thursday, Underperforms Market

4:46 pm ET January 12, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Costco Wholesale Corp. (COST) slid 0.39% to $482.43 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.34% to 3,983.17 and the Dow Jones Industrial Average rising 0.64% to 34,189.97. The stock's fall snapped a two-day winning streak. Costco Wholesale Corp. closed $129.84 below its 52-week high ($612.27), which the company achieved on April 7th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Amazon.com Inc. (AMZN) rose 0.19% to $95.27 and Walmart Inc. (WMT) fell 0.90% to $144.81. Trading volume (1.6 M) remained 671,280 below its 50-day average volume of 2.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2023.

(END) Dow Jones Newswires

January 12, 2023 16:46 ET (21:46 GMT)