Hewlett's 1.02% Drop Amid Regulatory Hurdles and 133rd Volume Rank as Tech Sector Loses Luster

On September 25, 2025, Hewlett (HPE) closed at 0.79 billion in trading volume, ranking 133rd among stocks on the day. The stock declined 1.02% amid mixed market conditions and sector-specific pressures.

Recent developments suggest short-term volatility for Hewlett. A pending regulatory review of its cloud infrastructure contracts has delayed potential revenue recognition, casting near-term uncertainty. Meanwhile, analysts noted muted investor activity in the technology hardware sector, with institutional outflows contributing to broader underperformance. Market participants are awaiting third-quarter earnings disclosures, which could clarify the company’s ability to meet revised guidance.

Strategic initiatives, including cost-cutting measures and a restructured partnership with a key cloud services provider, remain in focus. While these moves aim to stabilize margins, their impact on stock performance will depend on execution timelines and market confidence in operational efficiency improvements.

To prepare an accurate back-test I need to pin down a few implementation details for this “Top-500 by daily volume” strategy. Could you please confirm (or amend) the following assumptions? 1. Universe: All U.S. common stocks listed on NYSE + NASDAQ + AMEX (excluding ETFs, ADRs, preferreds). 2. Entry & Exit timing: Enter at the next day’s open and exit at the same day’s close (i.e., positions are held intraday for one trading day). 3. Weighting: Equal-weight each of the 500 stocks for the day’s portfolio. 4. Transaction costs & slippage: Default: none. 5. Rebalancing frequency: Re-run the volume ranking every trading day. Once I have these details I can start pulling the required data and run the back-test from 2022-01-03 through today.