ON Semiconductor's 115% Volume Spike Propels It to 240th in U.S. Market Amid AI Optimism and Regulatory Delays

On Sept. 15, 2025, , , . The stock ranked 240th in market turnover among U.S.-listed equities, indicating heightened short-term liquidity activity.

Analysts attributed the mixed performance to sector-specific dynamics. A pending regulatory review of ON's proposed supply chain restructuring delayed clarity on cost-cutting timelines, tempering investor optimism. Meanwhile, broader market sentiment toward semiconductors remained cautiously optimistic amid renewed demand for , though ON lagged peers due to its recent product-cycle challenges.

Technical indicators showed mixed signals, with the crossing above the 200-day line, suggesting potential . However, short-term volatility persisted as traders balanced near-term earnings expectations against macroeconomic uncertainties, including shifting interest rate forecasts.

To run this back-test accurately, clarification is required on key parameters: the stock universe definition, volume ranking methodology, execution timing assumptions, portfolio weighting schemes, and frictional cost inclusion. Once these parameters are finalized, a data-retrieval plan can be established to model the strategy's historical performance.