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On August 7, 2025, The experienced a 0.16% decline in its stock price, with a trading volume of 0.94 billion, ranking 111th in daily market activity. The movement coincided with a high-profile immigration raid at a Los Angeles
store, which has drawn legal and public scrutiny. U.S. Border Patrol agents, using a Penske rental truck as part of “Operation Trojan Horse,” conducted arrests in the store’s parking lot, where immigrant day laborers and vendors were present. The operation followed a federal appeals court ruling upholding a prior injunction against indiscriminate immigration enforcement in Southern California, raising concerns about compliance with judicial orders.Penske Truck Rental, whose vehicles were used in the raid, stated it had not authorized the operation and emphasized its policy prohibiting cargo area transportation of people. The incident has intensified debates over the Trump administration’s immigration strategies, with advocacy groups condemning the raids as harmful to local economies and civil liberties. Los Angeles Mayor Karen Bass labeled the action “unacceptable,” while legal challenges continue to challenge the legality of such operations. The event could pressure The’s brand reputation and operational stability in regions marked by heightened political tensions.
The backtest results indicate that a strategy of purchasing the top 500 stocks by daily trading volume and holding for one day yielded a 166.71% return from 2022 to the present, outperforming the benchmark by 137.53%. This highlights the significance of liquidity concentration in short-term performance, particularly during volatile market conditions. The strategy’s consistent outperformance underscores the role of high-volume stocks in capturing investor sentiment and macroeconomic shifts, as seen in the performance of firms like
, , and under similar conditions.Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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