The stock of ONYX is expected to decline by nearly 35% in the year 2026, with its valuation projected to fall below 100 million euros. This downturn is largely attributed to the necessary 'digestion' of the excessive rally the shares experienced in the previous months. Investors are now awaiting developments related to the company’s upcoming share capital increase (AMK), which could add further implications for its market standing and investor confidence.

A notable aspect of this situation is the recent activity of insiders, particularly the wife of CEO Leonidas Ziziadis, who sold shares worth 1 million euros just last week. Such insider trading is often viewed with scrutiny, as it may signal a lack of confidence among those who are closest to the company’s operations and leadership. The market's reaction to these insider sales could further influence the share price and public perception of ONYX.

As the correction unfolds, investors are left to consider the implications of both the company's financial health and the actions of its insiders. This period of adjustment in the stock market serves as a reminder of the volatile nature of equity investments, particularly in light of the previous significant upward movement and the need for recalibration in response to the changing market landscape.