Nike stocks see their biggest drop since 2001 amid weak fiscal outlook [Los Angeles Times (CA)]
On Holding AG (ONON)
Company Research
Source: Los Angeles Times
The world's largest sportswear company sees revenue declining in the mid-single digits in the company's current fiscal year, which began this month. Analysts had expected growth of about 2% this year, according to estimates compiled by Bloomberg. The shares fell as much as 18% on Friday morning — Nike's biggest fall since 2001 — wiping out billions in market value. The stock had already declined 17% over the past 12 months. Other athletic retailers including JD Sports Fashion Plc and Puma SE were dragged down. Adidas gained early Friday in Frankfurt, Germany, but the stock later erased the gain. After years of dominance, Nike is struggling to churn out hot-selling footwear to replace top sellers such as Air Force 1 and Dunk sneakers. The worsening performance raises the pressure on senior leaders. Chief Executive John Donahoe has resorted to layoffs and other belt-tightening measures after a move to prioritize Nike's own sales channels failed to produce the promised levels of
Show less
Read more
Impact Snapshot
Event Time:
ONON
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ONON alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ONON alerts
High impacting On Holding AG news events
Weekly update
A roundup of the hottest topics
ONON
News
- Nike's Sales Warning Leads Morgan Stanley, JPMorgan and More to Pause Buy Calls on Stock [BNN Bloomberg (Canada)]BNN Bloomberg
- Nike posts quarterly sales that miss Wall Street estimates [BNN Bloomberg (Canada)]BNN Bloomberg
- On Holding (ONON) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- 4 Reasons to Buy Nike Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- On Holding AG (NYSE: ONON) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $40.00 price target on the stock.MarketBeat
ONON
Earnings
- 5/14/24 - Beat
ONON
Sec Filings
- 6/7/24 - Form 144
- 6/7/24 - Form 144/A
- 6/6/24 - Form 144/A
- ONON's page on the SEC website