Aaon Surges 6.44% on $240M Volume Despite Modest Rank 487 as High-Volume Strategy Delivers 3.77% Gains Since 2022

Aaon (AAON) surged 6.44% on August 13, 2025, with a trading volume of $0.24 billion, ranking 487th in daily market activity. The stock’s performance was driven by sector-specific momentum amid broader market volatility, though no direct corporate announcements or earnings reports influenced the move.

The strategy of purchasing the top 500 stocks by daily trading volume and holding for one day yielded a 3.77% return from 2022 to the present. This approach, which rebalances daily, outperformed a baseline of holding all market stocks without trading discipline. However, high trading volume does not ensure future gains, as market conditions, liquidity, and volatility can significantly impact outcomes.