ON Holding Shares Rally 1.21% Amid 308th-Ranked $360M Trading Volume as Tariff Pressures and Analyst Downgrades Weigh on Footwear Sector

On Holding AG (ONON) rose 1.21% on August 4, with a trading volume of $360 million, ranking 308th in market activity. The Swiss athletic footwear and apparel company, founded in 2010, distributes performance-oriented products through online channels, retailers, and owned stores. Recent market attention has focused on near-term challenges, including analyst downgrades and macroeconomic pressures.

Raymond James cut its rating on ONON to "Outperform" amid near-term headwinds, while broader industry concerns emerged as Trump's proposed tariff policies weighed on footwear stocks. Investors are also anticipating the company's second-quarter earnings release on August 12, which may provide clarity on operational momentum in key markets.

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