On Holding AG’s recently made public 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 fall -1.38% to $49.91. Over the last five days, the stock has gained 2.57%. On Holding AG shares have risen nearly 85.06% since the year began. Nevertheless, the stocks have risen 103.63% 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 $48.33, while 200 days put it at $38.53.
Levels Of Support And Resistance For ONON Stock
The 24-hour chart illustrates a support level at 48.74, which if violated will result in even more drops to 47.56. On the upside, there is a resistance level at 50.76. A further resistance level may holdings at 51.60. The Relative Strength Index (RSI) on the 14-day chart is 54.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.80%. Stochastics %K at 66.44% indicates the stock is a holding.
How much short interest is there in On Holding AG?
A steep rise in short interest was recorded in On Holding AG stocks on 2024-10-15, dropping by -6.72 million shares to a total of 23.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 29.84 million shares. There was a decline of -29.07%, 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.
