Casey’s Shares Dive 0.52% as $340M Trading Volume Slumps to 335th in U.S. Rankings

On September 10, 2025, , . , indicating a notable withdrawal of investor interest during the session.

A recent strategic shift in the company’s product portfolio triggered mixed investor sentiment, with analysts noting short-term uncertainty over market adoption. The move to phase out legacy software modules has raised questions about potential disruptions in customer retention, though long-term cost savings remain a key focus for management. No major regulatory updates or earnings surprises were reported during the period.

Back-test analysis of a volume-based trading strategy using U.S. listed stocks from January 3, 2022, to the present reveals a structured approach. The methodology ranks stocks daily by share volume, constructs an equal-weighted portfolio of the top 500 names, and holds positions for one trading day. , , , , . The plan assumes split-adjusted closing prices and excludes transaction costs, , and survivorship bias for simplicity.

Adjustments to the methodology—such as switching to dollar volume, narrowing the stock universe, or incorporating trading costs—can be implemented prior to full data retrieval. Final results will depend on the confirmed parameters and subsequent execution of the back-test framework.