HIMS Shares Up 1.74% as Trading Volume Plummets 28% to $1.19B Ranking 73rd While High-Liquidity Strategy Outperforms by 137%

On August 8, 2025, Hims & Hers Health (HIMS) saw a 1.74% increase in its stock price, despite a 28% drop in trading volume to $1.19 billion, ranking it 73rd in the market by volume. The stock’s performance contrasts with broader market trends, reflecting mixed investor sentiment ahead of potential earnings reports and sector-specific developments.

A backtest of a strategy involving purchasing the top 500 stocks by daily trading volume and holding them for one day from 2022 to the present showed a 166.71% return, significantly outperforming the benchmark’s 29.18% by 137.53%. This highlights the effectiveness of liquidity concentration in short-term stock performance, particularly in volatile markets.