CrowdStrike's Modest Gains and $1.29B Volume Rank 64th in U.S. Trading Activity Amid Mixed Investor Sentiment

CrowdStrike Holdings (CRWD) closed 0.05% higher on September 16, 2025, with a trading volume of $1.29 billion, ranking it 64th among the day's most actively traded U.S. equities. The stock's performance reflects mixed market dynamics as investors balanced macroeconomic concerns with company-specific developments.

Recent strategic updates from the cybersecurity firm highlighted ongoing expansion in enterprise threat detection solutions, though no immediate earnings revisions were disclosed. Analysts noted limited short-term catalysts amid broader sector volatility driven by shifting regulatory scrutiny and competitive positioning in endpoint protection markets.

Market participants observed cautious positioning ahead of potential Q3 earnings reports, with technical indicators showing neutral momentum across key support levels. The stock's low-volatility profile contrasted with broader tech sector swings, as institutional investors appeared to prioritize risk management over aggressive position sizing.

To run this back-test accurately I need a few clarifications: 1. Market universe • Which exchange(s) should the stocks come from – e.g. all U.S. listed equities (NYSE + NASDAQ), only S&P 500 constituents, or another universe? 2. Trading prices • Do you want to buy at the day’s close and sell at the next day’s close, or buy at the next day’s open? • Any estimates for commissions/slippage you’d like applied? 3. Capital allocation • Equal-weight the 500 names each day, or weight by something else (e.g. dollar-volume)? 4. Benchmark / comparison • Should I compare the strategy to a benchmark (e.g. SPY) in the final report? Let me know and I’ll set up the data pull and back-test accordingly.