Dayforce’s 40.48% Volume Drop to 260M Sends It to 382nd Market Rank as Analysts Note Liquidity Dynamics

On September 24, 2025, Dayforce (DAY) closed with a 0.01% gain amid a 40.48% decline in trading volume to $260 million, ranking 382nd in market activity. The muted volume contrasted with broader market trends but failed to drive significant directional momentum for the stock. Analysts noted the session’s data highlighted structural liquidity dynamics rather than fundamental catalysts.

Recent developments focused on operational updates from Dayforce’s HR software division, which reported stable client retention rates despite competitive pressures in the SaaS sector. Internal restructuring efforts to streamline cloud infrastructure costs were disclosed, though no material capital allocation changes were announced. The company’s Q3 guidance maintained its revenue trajectory within a 7-9% annualized range, aligning with sector benchmarks.

To set up this back-test robustly I need to confirm a few practical details with you: 1. Market / universe • Do you want to rank all U.S. listed shares (NYSE + Nasdaq + Amex) each day, or a narrower universe (e.g., S&P 500 constituents, Russell 3000, etc.)? 2. Weighting method • Equal-weight each of the 500 names, or volume-weighted / cap-weighted? 3. Execution price • Enter at that day’s close and exit at next day’s close? (That is the most common one-day hold convention.) 4. Corporate-action & survivorship bias handling • Our default data set is survivorship-bias-free; let me know if you prefer something different. Once these are nailed down I’ll generate the daily “top-500” lists automatically, run the back-test, and return the detailed performance report.