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On Holding (ONON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
On Holdings, a Swiss running shoe maker, has seen its shares nearly double this year as it captures market share from struggling Nike. Despite On's premium valuation after a sharp YTD rally, I rate it a buy due to its forward-looking strategy and ambitious growth plans. The company is nearly doubling its sales in China, and has plenty of opportunity as well to expand beyond footwear into apparel.
With almost a double already this year in On Running, might it be time to get some gains by coasting?
In the most recent trading session, On Holding (ONON) closed at $49.95, indicating a +0.44% shift from the previous trading day.
On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Todd Gordon, Inside Edge Capital founder, joins 'Power Lunch' to discuss how to trade On Holding to the upside.
When the market gets too long or too short in any given set of stocks or asset classes, investors must eventually watch out for the changing tides. Just like anything that is priced openly to the public, stocks that run out of buyers will need to see lower prices to attract new business, just like stocks that run out of sellers need to see higher prices instead.
On Holding's innovative product offerings and expanding market presence provide a solid foundation for future growth.
On beat revenue expectations and gave solid guidance for the full-year. The company unveiled its new Lightspray shoe manufacturing technology in July.
On Holding and Crocs have both had strong performances so far this year. On Holding still has a lot of growth ahead of it as it increases brand awareness.