Stock Tumbles to 47th in Liquidity Rankings as $1.57B Volume Drops 23.57% Amid Earnings and Expansion Hopes

On September 16, 2025, The saw a trading volume of $1.57 billion, marking a 23.57% decline from the previous day's volume and ranking it 47th among stocks by liquidity. The stock closed 0.30% lower, aligning with broader market volatility amid mixed earnings reports and macroeconomic data releases.

Recent developments highlighted include a strategic partnership announcement with a major logistics provider, which analysts suggest could enhance supply chain efficiency. Additionally, regulatory filings indicated a potential expansion in the company's renewable energy division, though details remain undisclosed. These factors have been cited as key drivers influencing investor sentiment ahead of the earnings season.

To run a proper back-test I’ll need to nail down a few practical details that aren’t fully specified yet. Could you please confirm (or modify) the assumptions below? 1. Universe • U.S. listed common stocks on NYSE + NASDAQ (ex-ETFs, ex-OTC) • If you have a different universe in mind, please specify. 2. Ranking criterion • Pick the 500 names with the greatest dollar trading volume (price × shares traded) for each trading day. 3. Trade timing & price • Buy at next-day open, sell at the same day’s close (i.e., 1-day holding period). • Alternative: close-to-close return; let me know your preference. 4. Weighting & capital • Equal-weight the 500 positions each day; portfolio fully re-allocated daily. • If you prefer value-weighted or a fixed notional per position, please indicate. 5. Transaction costs / slippage • Assume zero unless you specify a commission or cost model. 6. Benchmark (optional) • Compare against SPY or another index? Let me know. Once these items are confirmed I’ll prepare the data-retrieval plan and run the back-test.