What the Options Market Tells Us About On Holding
Portfolio Pulse from Benzinga Insights
The options market indicates a bearish sentiment towards On Holding (NYSE:ONON), with 87% of large trades being bearish. The stock is currently trading at $43.74, up 4.82%, but may be approaching overbought levels. Analysts have mixed ratings, with a consensus target price of $46.4.
August 21, 2024 | 2:17 pm
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On Holding (NYSE:ONON) sees a bearish sentiment in the options market, with 87% of large trades being bearish. The stock is up 4.82% to $43.74, but may be overbought. Analysts have mixed ratings, with a consensus target price of $46.4.
The options market shows a strong bearish sentiment with 87% of trades being bearish, indicating potential downward pressure on the stock. Despite the current price increase, the stock may be overbought, suggesting a possible correction. Analysts' mixed ratings and target prices slightly above the current price add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100