On Holding AG Trading Volume Plummets 35.3% to $236 Million Dropping to 485th in Daily Rankings

On July 23, 2025, On Holding AG (ONON) saw a significant drop in trading volume, with a turnover of $236 million, marking a 35.3% decrease from the previous day. This decline placed ONON at the 485th position in the daily stock market rankings. The stock price of On Holding AG (ONON) rose by 2.54%.

On July 22, 2025, On Holding AG (ONON) experienced a significant increase in trading volume, with a turnover of $360 million. This surge placed ONON at the 327th position in the daily stock market rankings. 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.