Dick's Shares Tumble 1.22% as Trading Volume Slumps 31.39% to $300M Ranking 364th in U.S. Equities Amid Operational Shifts and Inventory Woes

. 22, , ranking 364th among active U.S. equities. The move followed mixed signals from recent operational updates and market positioning shifts.

Analysts highlighted reduced short-term liquidity as a key factor, with the stock experiencing elevated volatility amid sector-specific inventory adjustments. , suggesting cautious positioning among large-cap investors. The company's recent retail channel realignment, , triggered mixed reactions from value-focused traders.

Market participants noted that the decline aligns with broader retail sector trends, where inventory management challenges have pressured mid-cap names. While the company's digital transformation initiatives remain intact, . This reflects increased demand for downside protection among options traders.

To run this back-test rigorously I’ll need to nail down a few details: Market universe (U.S. listed stocks/NYSE + NASDAQ + AMEX), ranking & execution convention (rank at today’s close, buy at next day’s open), holding period definition (exactly one trading day), and transaction costs assumption (e.g., 5 bp per leg). Once these are clarified I’ll generate the retrieval plan and run the back-test.