Up 90% and Still Running: On Holding Stock's Remarkable Climb

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On Holding's CloudTec Technology From Deckers Outdoor Co.(NYSE: DECK) Hoka's "Active Foot Frame" and "MetaRocker" technology to Nike's "Tensil Air" and "ReactX" technology with carbon fiber plates and ZoomX foam, it seems every sneaker manufacturer has some proprietary technology that makes their shoes special.

While footwear manufacturers like Nike Inc.(NYSE: NKE), Crocs Inc.(NASDAQ: CROX), and Skechers U.S.A.Inc.(NYSE: SKX) stocks took hits with contracting sales due to weaker consumer spending, ON Holdings AG (NYSE: ONON) has been quietly making new highs trading up nearly 90% year-to-date (YTD).

It's a Swiss-engineered cushioning technology comprised of cylindrical cloud parts located on the shoe's outsole that compress vertically and horizontally to absorb impact, providing a soft landing with each step.

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Article Details

Author / Journalist: MarketBeat

Category: Technology

Markets: United States

Topics: SKX Markets News Retail Sales Analyst Ratings Mid Cap CROX Trading Ideas DECK Tech Price Target Guidance Contributors ONON Large Cap Technicals NKE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 17:22:21 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 818 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22841320

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