About On Holding AG Class A Ordinary Shares (ONON)
On Holding AG is a performance sportswear company that specializes in the design and development of innovative footwear and apparel for running, training, and lifestyle activities. Founded by former athletes, the company emphasizes sustainability and functionality, utilizing advanced materials and technologies to enhance athletic performance while providing a comfortable and stylish experience for wearers. With a focus on community engagement and environmental responsibility, On aims to inspire athletes and outdoor enthusiasts across the globe through its unique product offerings and commitment to quality manufacturing. Read More
Nike Inc. (NYSE: NKE) is gaining momentum with high-heat sneaker drops and its new ReactX Rejuven8 slip-ons, says Needham's Tom Nikic. The analyst highlights tariff risks and rising buzz around Nike's innovations, which could challenge rivals like Crocs Inc. (NASDAQ: CROX).
Economist Peter Schiff warned on Thursday that Nike Inc. won't shift production to the United States despite newly imposed tariffs, predicting higher prices and reduced domestic sales for the footwear giant.
The regular session of the US market on Wednesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
The SPDR S&P 500, which tracks the S&P 500, is facing heavy selling pressure in Wednesday's after-hours session following reciprocal tariffs from the Trump Administration.
On (NYSE: ONON), the global premium sportswear brand recognized for its innovation, design, and impact, today announced a strategic evolution of its leadership structure. On will transition to a single-CEO structure–with current Co-CEO and CFO Martin Hoffmann assuming the role of CEO–, appoint key senior leaders to further strengthen the existing team, and ensure continued leadership from the company's founders. After 12 years of successful leadership, current Co-CEO Marc Maurer has decided to depart On to embark on a new chapter in his professional life.
