Why On Holding Stock Jumped This Week

A strong earnings report lifted shares of the running shoe company. According to data from S&P Global Market Intelligence, the stock was up 24.9% for the week. Performance on the bottom line was strong as well, as adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 27% to $85.3 million, and adjusted earnings per share more than doubled from$0.17 to $0.36, which was well ahead of estimates of$0.15. Co-CEO Martin Hoffman said, "The first quarter was a very strong star ...