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Markets · Investing · Business
Finance
On Holding Stock Pops On $1 Billion Buyback News
After struggling all year, On's stock got some good news.
On Holding(NYSE: ONON) was up over 10% on Tuesday after announcing guidance through 2029 and a $1 billion buyback program. This eases some fears that revenue growth was slowing following a guidance reduction when Q2 earnings were released. Management also said they would be entering soccer (following last week's Mbappe signing) and golf, two potentially large markets that also carry high price points and margins. Investor cheered the move and with shares at a below market multiple this is a great opportunity for investors, even after today's move.
*Stock prices used were end-of-day prices of September 22, 2026. The video was published on September 22, 2026.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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