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On Holding AG Surges to 327th in Daily Rankings with $360 Million Turnover Despite Stock Price Drop
Generated by AI AgentAinvest Volume Radar
Tuesday, Jul 22, 2025 6:28 pm ET1min read
Aime SummaryOn July 22, 2025,
(ONON) experienced a significant increase in trading volume, with a turnover of $360 million, marking a 61.25% rise from the previous day. This surge placed at the 327th position in the daily stock market rankings. However, the stock price of On Holding AG (ONON) fell by 5.36%.Raymond James analyst Rick Patel announced a downgrade for On Holding AG (ONON) on July 22, 2025, shifting the company's rating from "Strong Buy" to "Outperform." This decision was influenced by near-term macro pressures, including currency volatility and tariff headwinds. Despite these challenges, Raymond James remains optimistic about the company's long-term growth prospects.
The downgrade by Raymond James was attributed to expected macroeconomic challenges, particularly a slowdown in wholesale performance in the upcoming quarter due to the timing of product launches. The firm maintained a price target of $66 for ONON, reflecting its confidence in the company's future performance.
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