Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. On Holding AG shares valued at $23,665,216 were purchased by Olivier Bernhard on Jan 30 ’25. At $63.04 per share, Olivier Bernhard acquired 375,400 shares.
Also, Olivier Bernhard purchased 234,050 shares, netting a total of over 12,783,811 in proceeds.
Before that, Marc Maurer had added 68,653 shares to its account. In a trade valued at $3,749,827, the Officer bought On Holding AG shares for $54.62 each.
Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of November 22, 2024, Needham has initiated its “Buy” rating for ONON. Earlier on November 21, 2024, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for ONON stock which previously was a “an Outperform”.
Analyzing ONON Stock Performance
During the last five days, there has been a drop of approximately -6.13%. Over the course of the year, On Holding AG shares have jumped approximately 9.04%. Shares of the company reached a 52-week high of $64.05 on 01/30/25 and a 52-week low of $53.94 on 01/13/25. A 50-day SMA is recorded $57.62, while a 200-day SMA reached $46.70. Nevertheless, trading volume fell to 2.35 million shares from 3.06 million shares the previous day.
Support And Resistance Levels for On Holding AG (ONON)
According to the 24-hour chart, there is a support level at 59.29, which, if violated, would cause prices to drop to 58.87. In the upper region, resistance lies at 60.51. The next price resistance is at 61.31. RSI (Relative Strength Index) is 54.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.06, which suggests the price will decrease in the coming days. Percent R is at 45.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
