India, Aug. 11 -- On Holding AG (ONON) shares fell $7.32, or 18.88 percent, to $31.46 on Tuesday, after the athletic footwear company reported a return to profit in the second quarter, despite higher sales.
The stock opened at $31.59 and traded between $30.11 and $31.75 during the session on the New York Stock Exchange. It has traded in a 52-week range of $30.11 to $52.20. Trading volume reached 18.93 million shares, compared with an average daily volume of 5.32 million shares.
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Net income reached CHF 105.0 million, compared with a net loss of CHF 40.9 million a year earlier. Net sales increased to CHF 850.3 million from CHF 749.2 million, while operating...