Why is ON down today?
ON is down 2.5% — significantly more than its β-adjusted expected move of 2.67%, suggesting company-specific factors are driving the decline.
Intraday Relative Performance
Historical Context · 252 trading days
ON moves this much fairly often — 20 days out of the last 252.
Expected vs Actual
If ON just followed the market, we'd expect it near +2.67%.
Key Drivers
No high-relevance news found in the latest tick.
Editorial Analysis
"ON's 2.55% drop is 1.8× larger than what its sector explains — this is company-specific."
ON moved -3.34% today, exceeding what its sector benchmark (XLK) explains. The β-adjusted move flags this as company-specific rather than a sector-wide rotation.
We're still gathering reported context. This page will refresh with cited statements as new information arrives. The verdict here is purely statistical — based on observed price action versus the stock's idiosyncratic volatility band.
Related Sector Movers
No related movers available for this ticker yet.