Swiss footwear name On Holding (ONON) is down 3.2% this afternoon to trade at $49.94, as the equity continues its volatile week on the charts. Since mid-June, all breakout attempts by ONON have been capped at $55, pressuring the stock to a now 8.5% year-to-date deficit.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.2% in On Holding (ONON). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the closing of the recent trading day, On Holding (ONON) stood at $50.36, denoting a -5.36% move from the preceding trading day.
Global trade shifts and US tariffs increase portfolio risk, requiring a balanced investment approach. I employ a barbell strategy: high-quality growth stocks, opportunistic cyclicals, and short-term treasuries for risk management. I've diversified internationally and reduced exposure to slow-growth, high-debt US businesses amid recession risks.
The latest trading day saw On Holding (ONON) settling at $52.88, representing a -1.08% change from its previous close.
On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
On Holding (ONON) reached $53.26 at the closing of the latest trading day, reflecting a +1.56% change compared to its last close.
In the most recent trading session, On Holding (ONON) closed at $52.6, indicating a -3.24% shift from the previous trading day.
The stock market's cyclicality is often influenced by which sectors in the U.S. economy gain popularity enough to attract new attention and capital. However, the market's efficiency can sometimes be thrown off by all the excitement and strong opinions.
Zacks.com users have recently been watching On Holding (ONON) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the most recent trading session, On Holding (ONON) closed at $53.7, indicating a +2.85% shift from the previous trading day.