Retail Volatility Constrains Mid-Tier Liquidity as Stock Trailing at 316th in U.S. Trading Volume

On October 10, 2025, The traded with a volume of $0.41 billion, ranking 316th among stocks by trading activity. Recent market movements reflect mixed investor sentiment toward the company amid evolving sector dynamics.

Analysts noted that the stock's performance was influenced by broader retail sector volatility, with competitors like Kroger (KR) posting a 0.33% gain. However, The's position remains constrained by its mid-tier liquidity profile, as its trading volume remains below the top 300 names in U.S. markets. Institutional activity showed limited directional bias, with no major block trades reported in the past week.

For back-testing purposes, several parameters require clarification to ensure accuracy: 1) Market scope (e.g., U.S. equities only) 2) Volume ranking methodology (share count vs. dollar volume) 3) Execution timing (open-to-open vs. close-to-close) 4) Transaction costs (commission/slippage assumptions). Given current system limitations, a multi-asset portfolio approach would be necessary for testing strategies involving daily top-500 volume rotation. A synthetic index approximation of the top-volume basket could serve as a practical alternative if exact multi-asset testing is not feasible.