Keurig Dr Pepper's $600M Volume Surge Propels Stock to Rank 200 Amid Cautious Outlook

On October 6, 2025, Keurig Dr Pepper (KDP) recorded a trading volume of $0.60 billion, marking a 125.9% increase from the previous day’s activity. This placed the stock at rank 200 in terms of daily trading volume across the equity market. Despite the surge in liquidity, the shares closed 2.09% lower, reflecting investor caution ahead of key earnings and strategic updates.

Recent developments suggest mixed sentiment toward the company’s near-term trajectory. A pending partnership with a major coffee supplier, expected to expand single-serve beverage offerings, has drawn cautious optimism. However, analysts noted that the deal’s execution risks remain unaddressed, potentially limiting upside potential. Meanwhile, supply chain adjustments in North America have raised concerns about short-term margin pressures, though long-term cost efficiencies are still viewed as achievable.

Technical indicators show mixed signals. The stock’s 50-day moving average has crossed below the 200-day line, a bearish pattern for some traders. Yet volume distribution remains skewed toward institutional buyers, hinting at potential support levels near $22.50. Market participants are closely monitoring the company’s October 2025 earnings report for clarity on Q4 guidance and capital allocation plans.

To run this back-test robustly I’ll need a few extra pieces of information: 1. Universe definition – “Top 500 stocks by daily trading volume” – should I rank all common stocks listed on NYSE + NASDAQ each day and pick the 500 highest-volume names? Or limit the universe to a benchmark set (e.g., current S&P 500 constituents)? 2. Trade-price convention – Enter at today’s close, exit at tomorrow’s close (close-to-close)? Or enter at tomorrow’s open, exit at tomorrow’s close (close-to-open)? 3. Portfolio construction – Equal-weight the 500 names each day? Or weight by traded dollar volume? 4. Frictional costs – Should we include transaction costs (commission and/or slippage)? If yes, please specify (e.g., 2 bp per side). 5. Risk controls – Any stop-loss, take-profit or maximum holding-days rules beyond the 1-day exit? Once we pin down these items I can generate the daily selection file and feed it into the back-test engine.