Alibaba's Stock Plummets 2.22% Amid 37.5% Volume Drop to $3.04 Billion Ranking 26th in Turnover

. , ranking 26th in market turnover. The decline came amid a broader market correction and regulatory uncertainty in China's tech sector. Key developments included renewed scrutiny of e-commerce platform operations and delayed updates on cloud infrastructure expansion plans. Analysts noted that the stock's performance remained sensitive to macroeconomic signals as policymakers signaled cautious regulatory approaches for the remainder of the year.

Market participants observed that the stock's volatility was amplified by reduced liquidity compared to recent weeks. Institutional trading activity showed a shift toward defensive positions in financials and utilities, with tech names experiencing outflows. , though long-term holders maintained confidence in the company's restructuring progress and overseas expansion initiatives.

To back-test a , the following parameters are required: (1) Daily volume data for all stocks from Jan. 3, 2022, to present; (2) Selection of top 500 by volume each day with close/open execution; (3) Position liquidation at next-day close/open. Current system constraints limit data retrieval to single-ticker queries, necessitating either universe reduction (e.g., S&P 500 subset) or alternative aggregation methods. Clarification is needed on execution timing and risk controls before implementing the back-test.