2023-03-23 06:35:00 ET
While all eyes have been on the shotgun wedding between Swiss bank giants UBS and Credit Suisse , another Swiss company has been making far better headlines: On Holding (NYSE: ONON) , better known as On Running.
The fast-moving shoe company just crossed the finish line for its 2022 fiscal year, and in top form. Revenue surged nearly 92% higher year over year in the fourth quarter, and On is making progress toward turning a fit profit.
Shares are back on the rise after On stock hit a wall: the bear market of 2022. The stock rallied nearly 60% so far in 2023. Is it too late to buy as a new bull market gets underway?
For further details see:
A Bull Market Is Coming: 1 Hot Shoe Stock Up Nearly 60% in 2023