Targa Resources Surges 2.36 as $300M Volume Boosts Rank to 376th

Targa Resources (TRGP) saw a 2.36% increase in its stock price on October 7, 2025, with a trading volume of $300 million—up 50.38% from the previous day—ranking it 376th in terms of volume among listed stocks. The surge in liquidity highlights renewed investor interest in the midstream energy player amid shifting market dynamics.

The recent volume spike aligns with broader trading patterns observed in high-liquidity baskets. Strategies focusing on top-volume stocks often leverage short-term momentum, suggesting TRGP’s inclusion in such portfolios could amplify volatility. However, sustained gains will depend on sector-specific fundamentals and broader macroeconomic signals.

Backtesting a "top-500-by-volume" approach from January 3, 2022, to October 7, 2025, requires tracking daily liquidity rankings and rebalancing an equal-weighted basket of the most actively traded U.S. stocks. Implementation challenges include accessing comprehensive volume data and constructing a composite portfolio, as single-ticker tools lack the capacity to model multi-asset exposure directly. Alternatives involve using a proxy index or building a custom framework to analyze performance metrics.