Why On Holding (ONON) Dipped More Than Broader Market Today

On Holding (ONON) closed at $45.16 in the latest trading session, marking a -3.52% move from the prior day. This move lagged the S&P 500's daily loss of 0.08%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq increased by 0.35%. Prior to today's trading, shares of the running-shoe and apparel company had lost 13.51% lagged the Retail-Wholesale sector's gain of 1.16% and the S&P 500's gain of 1.21%.The upcoming earnings release of On Holding will be of great interest t ...