On Holding AG’s filing revealed that its Other: Co-Founder Olivier Bernhard acquired Company’s shares for reported $42.22 million on Oct 01 ’24. In the deal valued at $50.15 per share,841,900 shares were bought.
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Then, Marc Maurer bought 524,041 shares, generating $26,280,656 in total proceeds.
Before that, Martin Hoffman bought 341,815 shares. On Holding AG shares valued at $17,142,022 were divested by the Officer at a price of $50.15 per share.
BofA Securities upgraded its On Holding AG [ONON] rating to a Neutral from a an Underperform in a research note published on September 23, 2024; the price target was increased to $55 from $21. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in early September with a ‘”a Hold”‘ rating. Raymond James started covering the stock on July 31, 2024. It rated ONON as “an Outperform”.
Price Performance Review of ONON
On Tuesday, On Holding AG [NYSE:ONON] saw its stock jump 0.72% to $48.66. Over the last five days, the stock has lost -1.48%. On Holding AG shares have risen nearly 80.42% since the year began. Nevertheless, the stocks have risen 94.33% over the past one year. While a 52-week high of $52.80 was reached on 10/09/24, a 52-week low of $24.15 was recorded on 01/04/24. SMA at 50 days reached $47.59, while 200 days put it at $38.00.
Levels Of Support And Resistance For ONON Stock
The 24-hour chart illustrates a support level at 47.56, which if violated will result in even more drops to 46.47. On the upside, there is a resistance level at 49.49. A further resistance level may holdings at 50.33. The Relative Strength Index (RSI) on the 14-day chart is 48.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.59%. Stochastics %K at 17.76% indicates the stock is a buying.
How much short interest is there in On Holding AG?
A steep rise in short interest was recorded in On Holding AG stocks on 2024-09-30, dropping by -5.62 million shares to a total of 25.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 31.03 million shares. There was a decline of -22.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 11, 2024 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $50 price target.
