Dayforce Holdings Ranks 213th in U.S. Trading Activity as $500M Volume Spike Fails to Lift Shares Despite 143.97% Surge

On September 22, 2025, , . Despite the surge in liquidity, , . The unusual volume spike suggests heightened short-term interest but failed to translate into directional price momentum.

Recent developments highlight strategic shifts in the company’s workforce solutions division, with analysts noting mixed sentiment among institutional investors. While the platform’s cloud-based HR technology remains competitive, recent earnings guidance has underscored persistent challenges in scaling profitability amid rising operational costs. Market participants remain cautious as the stock trades near key technical support levels, with volume patterns indicating potential consolidation ahead of the next earnings cycle.

To run this back-test accurately I need to clarify a couple of points: 1. Market / universe • Which exchange or stock universe should we consider when ranking by daily trading volume (e.g., all U.S.-listed common stocks, only S&P 500 constituents, another market, etc.)? 2. Trade timing • Do you want the basket bought at the close of day t and sold at the close of day t + 1 (typical “hold for one trading day”), or some other entry/exit convention? Once I have this information I can build the screening logic, generate the daily signals, and run the back-test from 2022-01-03 to the present.