· Weekly signal · ON
ON Semiconductor Corporation (ON) slides 25.5% on heavy weekly turnover
The chipmaker’s pullback came with elevated volume, while a still-positive twelve-week return keeps the weekly context mixed.
ON Semiconductor Corporation (ON) closed the latest week at $90.65 and posted a -25.5% one-week return. The weekly price path over 52 weeks shows a sharp reset after a strong prior advance.
Turnover confirmed the move, with 88.7 million shares traded against a 13-week average of 58.7 million. The evidence is not all negative: the twelve-week return remains 45.8%, though Relative Strength at 20.7 and Market Dynamics at 1.18 point to continued pressure.