Chewy's Trading Volume Plunges 20.93% to Mid-Tier Liquidity Rankings

On September 17, 2025, , . , securing a mid-range position in market liquidity rankings.

Recent developments indicate mixed sentiment among investors. Analyst commentary highlighted the company’s ongoing cost-cutting initiatives and supply chain optimization efforts, which have stabilized operational margins. However, muted consumer spending on premium pet care products remains a headwind, as reflected in cautious buying patterns across the sector.

Market participants are closely monitoring the firm’s Q3 earnings outlook, with mixed guidance from institutional investors. While short-term liquidity remains robust, concerns persist over long-term growth sustainability amid shifting retail dynamics. Positioning in options markets suggests heightened volatility expectations ahead of key earnings releases.

To run this back-test accurately I need to pin down a few practical details and make sure the approach matches the capabilities of our current tool-set:

1. Universe

• Do you want to consider all U.S.–listed common stocks (NYSE + NASDAQ) or a custom list (e.g., S&P 1500 constituents)?

• Should ETFs, ADRs, etc. be excluded?

2. Ranking rule

• “Top 500 by daily trading volume” – is this by

a) share volume, or

b) dollar volume (shares × close price)?

3. Trade timing

• Typical daily-rebalance implementations either

a) rank at the close, buy at next day’s open, sell at the following day’s close, or

b) rank and trade at the close (buy at today’s close, exit at tomorrow’s close).

Which convention would you like to use?

4. Transaction costs / slippage

• Include a per-trade commission or percentage spread? (Default is zero.)

5. Tool-set considerations

• The built-in back-test engine works on one ticker at a time. To simulate a 500-stock portfolio we’ll need to build a custom “synthetic index” from the daily top-500 list.

• I can automate this, but it takes a few minutes to retrieve price/volume data for ~2,000 stocks and assemble the index. (It’s well within limits, just want to confirm you’re comfortable waiting.)

If the above sounds good, please let me know your preferences (or tell me to proceed with reasonable defaults: all U.S. common stocks, dollar volume ranking, rebalance at next-day open, zero costs).