Stock Market Today, Aug. 11: On Holding Stock Plunges on Worst Day Ever
On Holding (NYSE:ONON), a premium performance running shoes and activewear brand, closed at $30.91, down 20.29%. The stock plunged after second-quarter sales missed estimates and management lowered its full-year growth outlook, as investors are watching wholesale sales and North
On Holding (NYSE:ONON), a premium performance running shoes and activewear brand, closed at $30.91, down 20.29%. The stock plunged after second-quarter sales missed estimates and management lowered its full-year growth outlook, as investors are watching wholesale sales and North
BELLINGS Intelligence Score: 10
Why it matters
On Holding's stock plunge following a disappointing earnings report is routine market news reflecting company-specific performance with limited broader credit-market impact.
Sources
Nasdaq
Stock Market Today, Aug. 11: On Holding Stock Plunges on Worst Day Ever
On Holding (NYSE:ONON), a premium performance running shoes and activewear brand, closed at $30.91, down 20.29%. The stock plunged after second-quarter sales missed estimates and management lowered its full-year growth outlook, as investors are watching wholesale sales and North