CNBC's Jim Cramer on Thursday suggested investors look past the noise surrounding On Holding's latest quarterly results and pick up shares of the Swiss shoemaker.
On Holding's stock price has been on a "wild ride" over the past three sessions as investors digested its financial performance in the third quarter ended Sept. 30, Cramer said.
However, he stressed that Wall Street's "confusing reaction" to Tuesday's results will prove misguided over time.
Overall, since Monday's close before earnings, On Holding stock has climbed 2% — roughly in line with the S&P 500 over that time.
Cramer said sellers may be concerned that some of On Holding's strong third-quarter results were actually pulled in from the fourth quarter.
Persons:
CNBC's Jim Cramer, Cramer
Locations:
Swiss