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On September 29, 2025,
(K) saw a trading volume of $0.78 billion, a 218.6% increase from the previous day, ranking it 143rd in the market. The stock rose 5.16%.The surge followed reports that the European Union is moving toward approving Mars Inc.’s acquisition of Kellanova, signaling regulatory progress for the deal. The stock’s strong performance reflects investor optimism about the potential transaction, which could reshape the food industry landscape and unlock value for shareholders.
To rigorously back-test a strategy, key parameters must be defined, including the universe of stocks (e.g., U.S. equities, specific indices), trade execution rules (e.g., closing prices, handling delisted stocks), weighting methods (equal vs. value-weighted), and assumptions about transaction costs. Current tools process one stock at a time, requiring external aggregation for portfolio-level results. Alternative approaches include using a representative subset like the S&P 500 or a static high-volume list for a 1-day hold rotation.

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