Strength Seen in On Holding (ONON): Can Its 6.8% Jump Turn into More Strength?
ONONOn AG(ONON) Zacks Investment Research·2024-02-15 20:21

On Holding (ONON) shares rallied 6.8% in the last trading session to close at $32.01. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.1% gain over the past four weeks. On Holding’s rally is buoyed by optimism regarding the company’s pent-up demand, strong product innovation pipeline and strength in its D2C business. The company has been gaining momentum across both E-com and own retail. Investors are optimi ...