On Holding AG's Volume Plummets 41.84% to $250M, Ranking 380th as Analysts Stay Bullish

On August 18, 2025, On Holding AG (ONON) recorded a trading volume of $0.25 billion, a 41.84% decline from the prior day, ranking 380th in market activity. The stock closed down 0.26%, reflecting subdued investor interest despite ongoing analyst optimism.

Institutional ownership dynamics highlighted mixed activity. Neuberger Berman Group LLC slashed its stake by 96.7% in Q1, retaining just 15,646 shares valued at $687,000. Conversely, Jennison Associates LLC increased its position by 136.6%, acquiring nearly 2.8 million additional shares during the same period. Over 36% of the stock remains under institutional and hedge fund control, signaling continued strategic interest.

Analysts maintained a "Moderate Buy" consensus rating, with a $64.20 price target. Recent upgrades included Cowen and Citigroup, while Morgan Stanley raised its target to $65.00. Despite mixed institutional flows, the stock’s 52-week range ($34.59–$64.05) and elevated beta of 2.24 underscore its volatility and growth potential in the athleisure sector.

A backtested strategy of purchasing the top 500 volume-driven stocks daily and holding for one day from 2022 yielded a total profit of $10,720 as of the latest data, with steady gains despite market fluctuations.