Dave Portnoy Posts On X, "I Just Bought A Million $ONON This Is A Reputational Play For You. I Feel Like You Must Love It To Give It Out To #DDTG So I Rode It"; Shares Move Higher
Portfolio Pulse from Benzinga Newsdesk
Dave Portnoy announced on X (formerly Twitter) that he purchased $1 million worth of On Holding AG (ONON) shares, calling it a 'reputational play' and expressing confidence in the stock to his followers. Following his post, ONON shares experienced an uptick.
February 08, 2024 | 3:01 pm
News sentiment analysis
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POSITIVE IMPACT
Dave Portnoy's purchase of $1 million in ONON shares and his public endorsement on X could lead to increased investor interest and a short-term rise in stock price.
Dave Portnoy's influence and following can sway investor sentiment, potentially leading to a short-term increase in ONON's stock price due to heightened interest and buying activity.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90