Johnson's Stock Climbs 0.55% on Sept 22 Despite 55.79% Drop in Turnover Ranks 316th in Trading Activity Amid Restructuring and $2 Billion Buyback Expansion

. , . The stock ranked 316th in trading activity among listed equities as market participants assessed recent corporate developments.

Recent developments include a strategic restructuring announcement that outlined cost-cutting measures across manufacturing divisions. The company confirmed a phased reduction of non-core operations in North America, with implementation expected over the next fiscal quarter. Analysts noted the move aligns with long-term efficiency goals but could temporarily impact short-term revenue visibility.

Regulatory filings revealed updated capital allocation priorities, emphasizing increased dividends and share repurchase flexibility. , signaling confidence in the company's balance sheet strength despite macroeconomic uncertainties. Institutional investors have shown growing interest in the name, with several major funds increasing positions in Q3.

To run this test accurately I’ll need to make a few practical assumptions and confirm some details with you, because the strategy you described is a daily-rebalanced, 500-stock portfolio. Our current back-test engine can handle single-instrument or event-driven tests natively, but a cross-sectional “top-N each day” portfolio requires a different workflow that’s available only in our portfolio module (still in limited preview).

Here’s what I need to confirm before we proceed or suggest an alternative: 1. Universe • Do we rank all U.S.-listed common stocks on NYSE + NASDAQ + AMEX, or a narrower list (e.g., S&P 1500 constituents)? • Should we exclude very low-priced or low-free-float names? 2. Ranking logic & execution timing • Rank by the prior trading day’s dollar volume (price × shares) or share volume? • Entry price: next day’s open? • Exit price: same day’s close (≈ one trading day holding period) or next day’s open (24-hour hold)? 3. ? • No stop-loss / take-profit constraints? 4. Cash & slippage assumptions (default is 0, but you can specify). If you’d like, I can request access to our portfolio back-tester and run the full cross-sectional simulation. Otherwise, we can approximate the concept with a simpler test (e.g., examining the equal-weight S&P 500 ETF “RSP” or a high-liquidity sub-basket) using the single-instrument engine. Let me know your preference and any missing parameters, and I’ll set the test up immediately.