Watching On Holding AG; Traders Circulating SportsBusinessRadio X Post From Jan 7, "An anonymous source tells me the chances of Tiger Woods parting ways with #Nike is greater than ever. The most likely landing spot for Tiger is @on_running in a deal..."
Portfolio Pulse from Benzinga Newsdesk
Traders are speculating on the potential partnership between Tiger Woods and On Holding AG (ONON) after SportsBusinessRadio hinted at Woods parting ways with Nike and possibly signing with On Running. No official confirmation has been made.
January 08, 2024 | 2:43 pm
News sentiment analysis
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POSITIVE IMPACT
On Holding AG may experience stock volatility due to rumors of a potential partnership with Tiger Woods, which could enhance the brand's visibility and marketing reach.
The speculation about Tiger Woods joining On Running could lead to increased investor interest in ONON, potentially driving the stock price up in the short term due to the positive marketing implications. However, without official confirmation, the impact is based on market sentiment rather than concrete developments.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80