On Holding AG’s recently made public that its Other: Co-Founder Olivier Bernhard acquired Company’s shares for reported $12.78 million on Jan 06 ’25. In the deal valued at $54.62 per share,234,050 shares were bought.
Then, Marc Maurer bought 68,653 shares, generating $3,749,827 in total proceeds.
Before that, Caspar Coppetti bought 382,200 shares. On Holding AG shares valued at $21,261,786 were divested by the Other:Co-Founder at a price of $55.63 per share.
A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Needham began covering ONON with “Buy” recommendation on November 22, 2024. Raymond James revised its rating on November 21, 2024. It rated ONON as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of ONON
On Friday, On Holding AG [NYSE:ONON] saw its stock jump 2.93% to $57.98. Over the last five days, the stock has gained 2.38%. On Holding AG shares have risen nearly 5.86% since the year began. Nevertheless, the stocks have risen 109.31% over the past one year. While a 52-week high of $60.12 was reached on 01/17/25, a 52-week low of $26.03 was recorded on 01/13/25. SMA at 50 days reached $55.47, while 200 days put it at $44.90.
Levels Of Support And Resistance For ONON Stock
The 24-hour chart illustrates a support level at 56.68, which if violated will result in even more drops to 55.37. On the upside, there is a resistance level at 59.22. A further resistance level may holdings at 60.45. The Relative Strength Index (RSI) on the 14-day chart is 58.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.87%. Stochastics %K at 57.12% 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 2024-12-31, dropping by -2.05 million shares to a total of 18.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 20.05 million shares. There was a decline of -11.36%, which implies that there is a negative sentiment for the stock.
