Liquidity-Driven Strategy Generates 166.71% Return vs. 29.18% Benchmark as High-Volume Stocks Outperform New Ranks 347th in $370M Daily Trading

On August 1, 2025, New traded with a volume of $0.37 billion, ranking 347th in daily trading activity. The stock’s performance remains tied to broader market dynamics, with liquidity concentration emerging as a key factor in short-term price movements. Recent filings, such as Bank of New York Mellon’s 10-Q report, highlight regulatory updates but lack material impact on New’s valuation. Market participants continue to monitor trading volume trends as a proxy for institutional interest and short-term volatility.

The strategy of purchasing the top 500 stocks by daily trading volume and holding for one day delivered a 166.71% return from 2022 to the present, significantly outperforming the benchmark’s 29.18%. This 137.53% excess return underscores the efficacy of liquidity-driven approaches in the current market environment. New’s inclusion in such high-volume cohorts suggests potential alignment with strategies prioritizing short-term liquidity and price momentum, though long-term fundamentals remain critical for sustained performance.