Old Dominion Freight Line, Inc. to Join the NASDAQ-100 Index Beginning January 24, 2022

Rhea-AI Summary

On January 13, 2022, Nasdaq (NDAQ) announced that Old Dominion Freight Line (ODFL) will replace Peloton Interactive (PTON) in the NASDAQ-100 Index, NASDAQ-100 Equal Weighted Index, and NASDAQ-100 Ex-Technology Index. This change will take effect prior to market opening on January 24, 2022. The inclusion of Old Dominion signifies notable market movement as it strengthens the index's representation in the freight sector.

Positive

• Old Dominion Freight Line will enhance the NASDAQ-100 Index, potentially attracting more investors.
• The replacement of Peloton indicates a shift towards more stable companies in the index.

Negative

• The removal of Peloton from the index may reflect its declining market performance and investor confidence.

NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Old Dominion Freight Line, Inc. (Nasdaq: ODFL), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) and the NASDAQ-100 Ex-Technology Index (Nasdaq: NDXX) prior to market open on Monday, January 24, 2022. Old Dominion Freight Line, Inc. will replace Peloton Interactive, Inc. (Nasdaq: PTON) in the NASDAQ-100 Index®, the NASDAQ-100 Equal Weighted Index and the NASDAQ-100 Ex-Technology Index.

For more information about the company, go to http://www.odfl.com.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.Nasdaq.com.

Media Contact
Emily Pan
emily.pan@Nasdaq.com
+1 (646) 637-3964

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The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED. 

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FAQ

When will Old Dominion Freight Line join the NASDAQ-100 Index?

Old Dominion Freight Line will join the NASDAQ-100 Index on January 24, 2022.

What company is being replaced in the NASDAQ-100 Index?

Peloton Interactive is being replaced by Old Dominion Freight Line in the NASDAQ-100 Index.

What indices will Old Dominion Freight Line be a part of?

Old Dominion Freight Line will be included in the NASDAQ-100 Index, NASDAQ-100 Equal Weighted Index, and NASDAQ-100 Ex-Technology Index.

Which stock symbol represents Nasdaq?

The stock symbol for Nasdaq is NDAQ.

What does Old Dominion's inclusion in the NASDAQ-100 Index mean?

Old Dominion's inclusion signifies its growth and stability, which may attract more investment to the company.