W’s Trading Volume Plummets 40.55% as Stock Falls to 497th on Volume Amid Partnership and Compliance Probe

On September 23, 2025, W recorded a trading volume of $0.20 billion, representing a 40.55% decline compared to the previous day’s activity. The stock ranked 497th in trading volume among listed equities, indicating subdued market participation despite its moderate price movement.

Recent developments suggest mixed sentiment toward W’s market position. A strategic partnership with a key supplier was announced, aiming to streamline logistics and reduce operational costs by 15% over the next fiscal year. Analysts noted this could stabilize profit margins but emphasized execution risks given the supplier’s recent production delays. Separately, a regulatory filing highlighted ongoing investigations into compliance practices, though no material fines were disclosed. These factors contributed to cautious investor behavior, reflected in the muted volume.

To run this back-test I need to pin down a few practical details so the results match what you have in mind: Stock universe • Do we look at all U.S. listed equities (NYSE + NASDAQ), or a specific index (e.g., S&P 500, Russell 3000)? Weighting method for the 500 names bought each day • Equal-weight (each position 0.2 %) – this is the usual default for this type of rotation strategy. Entry/exit price • Use the daily close (buy at today’s close, sell at tomorrow’s close), or the open? Trading calendar • OK to use every regular trading day from 2022-01-03 to 2025-09-23? Costs / slippage • Should we assume zero transaction costs and slippage (default), or plug in a per-trade cost? Once I have these points, I’ll generate the data-retrieval plan and run the test.