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Why Did On Holding Stock Tank Today?

TheMotleyFool

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On Holding (NYSE: ONON) has been the envy of the athletic footwear world. The business has, at least. The stock has held a high valuation, though, and even strong financial results couldn't sustain that level today.

After reporting fourth-quarter and full-year results this morning, On shares slid as much as 14.3%. As of 2:08 p.m. ET, the stock remained lower by 6.95%.

Image source: Getty Images.

Source Fool.com

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