First’s 1.19% Gains on 419th Volume Rank Highlight High-Volume Stock Strategy’s $2550 Profits Despite 15.4% Drawdown

On August 13, 2025, First (FHN) rose 1.19% with a trading volume of $0.27 billion, ranking 419th in the market by volume. The move followed broader market dynamics, though specific catalysts remain unattributed to external reports.

Recent corporate actions among industrial peers, such as strategic divestitures and cost optimization initiatives, highlight sector-wide efforts to navigate macroeconomic pressures. However, these developments do not directly impact First’s operations or financial trajectory, as no company-specific news was disclosed in the provided data.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day yielded a total profit of $2,550 from 2022 to the present. The approach experienced a maximum drawdown of -15.4% on October 27, 2022, reflecting market volatility during that period. Overall gains underscore the potential of high-volume stocks to generate returns despite intermittent downturns.