Nearly $2M Into On Running as the Trend Fights Him

ISB Research · Interesting · sent to Ultimate members August 17, 2026

Bernhard Olivier put $1,993,790 into On Holding at $30.67, and he's not buying alone. A second insider stepped in over the past 30 days, so there's a cluster forming here. The problem is the tape. Every timeframe reads sell, price is stuck below both the 8-day and 20-day, and RSI at 38 hasn't washed out yet. The short-term history here is decent. roughly 5% average over 30 days on past insider buys, but those same names bled at 90 days, so this one needs patience and a fill closer to the $30.11 support before you follow.

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