🟢 ON is trading 4.5% up today as it rebounds from the Synaptics acquisition selloff

ON is trading at $92.59, up 4.5% today, staging a technical recovery after the sharp selloff tied to its nearly $7 billion Synaptics acquisition.

• The stock previously plummeted 23.66% on June 26 as investors reacted to concerns regarding share dilution and the complexity of the deal.
• Today's upward move appears to be a technical rebound supported by firmer broader markets, with no new company-specific announcements reported.