Why On Holding Stock Popped Today
On Holding shared its approach to continue to transform the concept of a sportswear brand.
Overview
On Holding (NYSE: ONON) held an Investor Day today, and the market loved what the company said. Shares soared more than 14% in early trading and remained higher by 13% as of 10:35 a.m. ET.
On laid out its strategy for the next several years, prompting investors to call a bottom on the stock that has lost one-third of its value this year. Here's why investors are jumping back in.
Details
Source
Originally published at www.fool.com.
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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.