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

Generated by AI AgentAinvest Volume Radar
Wednesday, Jul 23, 2025 6:06 pm ET1min read
Aime RobotAime Summary

- On Holding AG (ONON) trading volume dropped 35.3% to $236M on July 23, 2025, falling to 485th in rankings after a $360M surge the prior day.

- Raymond James analyst Rick Patel downgraded ONON to "Outperform" from "Strong Buy" due to macro pressures like currency volatility and tariff challenges.

- Despite short-term concerns, the firm maintained a $66 price target, citing long-term confidence in ONON's growth despite near-term wholesale performance risks.

On July 23, 2025,

(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 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.

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