Amer Plunge Drives $190M Trading Volume to 473rd Rank Amid Epstein Subpoena Scrutiny

On August 25, 2025, Amer (AS) fell 1.90% with a trading volume of $0.19 billion, a 50.03% decline from the prior day, ranking 473rd in market activity. The stock’s subdued performance coincided with renewed political scrutiny as the House Oversight Committee issued a subpoena to the estate of Jeffrey Epstein, seeking documents tied to a controversial "birthday book" and related communications. The committee, led by Rep. James Comer, demanded unredacted materials including Epstein’s will, financial records, and potential evidence of a letter allegedly authored by former President Donald Trump. Comer emphasized the estate’s willingness to comply with the subpoena, setting a September 8 deadline for submission.

The subpoena focuses on Epstein’s 50th birthday book, which reportedly included a "bawdy" letter from Trump, though the president has denied its existence and filed a defamation lawsuit against The Wall Street Journal for its reporting. The committee also plans to interview Alex Acosta, former U.S. Attorney for the Southern District of Florida, regarding his 2008 plea deal with Epstein. Acosta will voluntarily appear for a transcribed interview on September 19. Meanwhile, the Justice Department has begun releasing Epstein-related records, with victim-identifying information redacted, while federal judges have denied requests to unseal grand jury transcripts from Epstein’s case.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 yielded a total return of 31.52% over 365 days, with a 1-day average of 0.98%. The approach showed volatility, peaking at 7.02% in June 2023 and bottoming at -4.65% in September 2022, but maintained a positive trend overall.