Why On Holdings AG Rallied 13.4% in August

The upstart athletic shoe-maker had solid earnings and guidance, with its new "Lightspray" technology garnering enthusiasm. Shares of athletic shoe challenger On Holdings AG (ONON 0.83%) rallied 13.4% in August, according to data from S&P Global Market Intelligence . On held its second quarter earnings release on Aug. 13, displaying strong top-line growth that beat expectations. Coming off an exciting period in which the Summer Olympics began and On showed off a new shoe technology, management also reiterat ...