Dicks Sporting Goods Shares Climb 0.44% as 40.62% Volume Surge Propels Stock to 380th Market Activity Rank

On October 3, 2025, Dick's Sporting Goods (DKS) closed with a 0.44% gain, trading with a daily volume of $290 million—a 40.62% increase from the prior day—ranking 380th in market activity. The stock's performance came amid a broader market consolidation phase, with volume spikes often signaling short-term liquidity shifts.

Recent developments highlighted regulatory scrutiny over its inventory management practices, with analysts noting potential operational adjustments in Q4. A separate report underscored the company's strategic pivot toward high-margin athletic apparel lines, which could influence mid-term cash flow dynamics. However, no direct earnings guidance was provided in the referenced materials.

To run this back-test robustly I need to pin down three practical details up front: 1. Universe • Is the universe “all U.S. listed common stocks” (NYSE + NASDAQ + AMEX) or a narrower list such as the Russell 3000 constituents? 2. Weighting method inside the daily portfolio of 500 names • Equal-weight (each name 0.20 %) • Volume-proportional, market-cap-weighted, etc. 3. Execution price • Buy at next-day open and liquidate at that day’s close (the classical 1-day holding period)? • Or open-to-open? Once these are set, I’ll pull the daily volume panel, form the rolling “top-500” set for each date, create the daily signals file, and run the portfolio back-test from 2022-01-03 through today. Let me know your preferences and I’ll proceed.