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.
Needham initiated its On Holding AG [ONON] rating to a Buy in a research note published on November 22, 2024; the price target was $64. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late November from “an Outperform” to “a Strong buy”. BTIG Research also remained covering ONON and has increased its forecast on November 13, 2024 with a “Buy” recommendation from previously “Neutral” rating. Telsey Advisory Group maintained its rating on November 13, 2024. It rated ONON as “an Outperform”.
Price Performance Review of ONON
On Tuesday, On Holding AG [NYSE:ONON] saw its stock jump 1.73% to $59.54. Over the last five days, the stock has gained 1.83%. On Holding AG shares have risen nearly 120.76% since the year began. Nevertheless, the stocks have risen 96.76% over the past one year. While a 52-week high of $59.19 was reached on 12/03/24, a 52-week low of $25.78 was recorded on 01/04/24. SMA at 50 days reached $51.35, while 200 days put it at $41.50.
Levels Of Support And Resistance For ONON Stock
The 24-hour chart illustrates a support level at 58.43, which if violated will result in even more drops to 57.31. On the upside, there is a resistance level at 60.25. A further resistance level may holdings at 60.95. The Relative Strength Index (RSI) on the 14-day chart is 75.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.90%. Stochastics %K at 93.80% 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 2024-11-15, dropping by -3.95 million shares to a total of 19.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 23.12 million shares. There was a decline of -20.59%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 06, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $53.
