Lululemon’s Quiet Rally: Modest Gains Amid 31% Volume Drop Lands It 99th in U.S. Liquidity

Lululemon Athletica (LULU) closed on Sept. , . , , ranking it 99th among U.S. equities by liquidity. The muted volume contrasted with the stock's recent momentum, raising questions about short-term positioning shifts among institutional investors.

noted the divergence between volume contraction and modest price appreciation suggests reduced conviction in near-term directional bets. The stock's performance followed a broader retail sector consolidation phase, with market participants shifting focus toward earnings catalysts in the coming quarter. , indicating tempered .

Backtesting parameters for a 500-stock universe strategy require clarification on exchange coverage, liquidity filters, and weighting methodology. A practical approach would involve constructing an equal-weighted index of top-volume names while accounting for transaction costs. Given current tool limitations, an approximate solution using a large-cap ETF proxy could provide directional insights without full portfolio replication.

To run this back-test rigorously I need to clarify a few practical details and constraints: 1. – which exchange(s) or index membership should I screen? 2. Portfolio construction – equal-weight all 500 names each day, or weight by volume? 3. Tool limitations – the current engine operates on one security at a time. Please let me know your preferences or if you’d like me to proceed with an approximate solution.