🟢 On Holding is trading 4.08% up today after its first-ever $1 billion buyback announcement

On Holding is trading 4.08% up at $30.59 as investors continued reacting to its September 22 announcement of its first-ever share-repurchase program.

• The program authorizes up to $1 billion in repurchases through 2029; 2029 targets include high-teens constant-currency sales growth and at least CHF 5.6 billion in revenue.
• Shares gained 7.58% to $29.39 on September 22, extending the rebound despite broader U.S. equity weakness.
• Reuters reported the buyback and long-term targets drove strong initial investor interest.