On Holding AG Shares Rally 3.42% on Strategic Design Shift as $290M Volume Ranks 407th in Market Activity

On October 2, 2025, On Holding AG (ONON) surged 3.42% to close at $... with a trading volume of $290 million, ranking 407th in market activity. The stock’s performance followed a strategic shift in product design philosophy, as the Swiss athleisure brand announced a partnership with a leading synthetic fiber supplier to enhance cushioning technology. This collaboration aims to reduce material costs by 15% while maintaining performance standards, potentially boosting gross margins in the fourth quarter.

Analysts noted the move aligns with the company’s 2024 sustainability roadmap, which prioritizes cost-neutral innovation. A separate earnings call highlighted improved inventory turnover ratios in North America, where Q3 sales grew 8% year-over-year despite broader sector weakness. Retailers cited stronger consumer demand for the brand’s lightweight trail-running models, which now account for 40% of new product launches.

Backtesting parameters for ONON’s trading strategy require clarification on four key aspects: 1) Equity universe scope (NYSE/NASDAQ vs. S&P 500/Russell 3000), 2) Trade execution timing (next-day open vs. same-day close), 3) Transaction cost assumptions (commission/slippage vs. frictionless trading), and 4) Capital allocation method (equal-weight vs. volume-weighted). These factors will determine the accuracy of historical performance analysis from January 3, 2022, to the present.