Cummins Volume Plunges 30.32% as Stock Slides to 477th in Market Activity

On September 8, 2025, , , ranking 477th in market activity. .

Cummins is restructuring its Memphis, Tennessee, aftermarket parts distribution operations, shifting part of the work from FedEx Supply Chain to an Indianapolis facility. The move, . , with FedEx noting some staff may retain roles within the company. The Memphis operations, previously managed by FedEx since 2019, were formerly handled by XPO Logistics. .

To run this back-test properly I need to clarify two practical points: 1. Universe/Proxy • Do you literally want an equal-weight portfolio that re-selects and re-balances the 500 highest-volume U.S. stocks every day, or is it acceptable to proxy this with an existing index / ETF (e.g., , which the current tool-set can back-test directly? 2. . . . If you prefer a different convention, please let me know. Once I have your preferences I can proceed with the back-test configuration (or suggest an approximate proxy that fits within the available tool set).