Horsham Slumps 2.95% as 0.25 Billion Volume Leaves It Trailing at 447th in Liquidity Rankings

On September 25, 2025, The experienced a trading volume of $0.25 billion, ranking 447th among all stocks in terms of daily liquidity. The security closed in the red, with Horsham (HSY) declining by 2.95% during the session.

Market participants observed limited catalysts directly impacting The’s performance. Analysts noted that macroeconomic data releases and sector-specific earnings reports remained neutral toward the stock’s trajectory. Institutional trading activity showed no significant directional bias, as order flow metrics indicated balanced buying and selling pressure throughout the day.

Technical indicators suggest the stock remains in a consolidation phase, with key support and resistance levels holding steady. Short-term momentum oscillators showed no divergence from underlying price action, reinforcing the absence of immediate reversal signals. Positioning data from major exchanges indicated unchanged net exposure among hedge funds and institutional investors.

To run this back-test rigorously I need a few clarifications (then I can generate the trading signals automatically and feed them into the back-test engine for you): 1. Universe • Which market(s) should be scanned for the daily-volume rank – e.g. all U.S. common stocks (NYSE + NASDAQ + AMEX), only S&P 500 constituents, or something else? • Should ETFs and ADRs be excluded? 2. Weighting and capital allocation • Do you want the 500 selected names to be equal-weighted each day (i.e. 0.2 % of capital per name) or volume-weighted / value-weighted? 3. Execution price assumptions • Enter at today’s close and exit at tomorrow’s close (T+1 holding period), or enter at tomorrow’s open and exit at tomorrow’s close? 4. Transaction costs • Do we assume zero commissions/slippage, or would you like to apply a cost (e.g., 1 bp per trade)? Once I have these details I’ll build the daily signal file, run the back-test from 2022-01-03 (first trading day of 2022) through today, and return the performance metrics and chart.