In a filing, On Holding AG revealed 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.
Telsey Advisory Group reiterated its On Holding AG [ONON] rating to an Outperform in a research note published on November 06, 2024; the price target was $53. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late September from “an Underperform” to “a Neutral”. HSBC Securities began covering ONON with “Hold” recommendation on September 05, 2024.
Price Performance Review of ONON
On Tuesday, On Holding AG [NYSE:ONON] saw its stock fall -0.17% to $52.62. Over the last five days, the stock has gained 9.90%. On Holding AG shares have risen nearly 95.11% since the year began. Nevertheless, the stocks have risen 95.61% over the past one year. While a 52-week high of $53.72 was reached on 11/12/24, a 52-week low of $24.15 was recorded on 01/04/24. SMA at 50 days reached $49.10, while 200 days put it at $39.62.
Levels Of Support And Resistance For ONON Stock
The 24-hour chart illustrates a support level at 50.37, which if violated will result in even more drops to 48.13. On the upside, there is a resistance level at 54.43. A further resistance level may holdings at 56.25. The Relative Strength Index (RSI) on the 14-day chart is 63.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.88%. Stochastics %K at 87.93% indicates the stock is a selling.
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 July 31, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $46 price target.
