PayPal's $840M Volume Ranks 132nd as Shares Edge Up 0.46%

PayPal Holdings (PYPL) reported a trading volume of $840 million on October 3, 2025, ranking 132nd among stocks traded that day. The shares closed up 0.46%, reflecting modest gains amid mixed market conditions. Analysts noted that the move aligned with broader fintech sector trends, though specific catalysts remained unclear from publicly available data.

Recent developments highlighted PayPal’s strategic focus on expanding its digital wallet ecosystem, with reports indicating renewed partnerships with major e-commerce platforms. While no immediate financial results were disclosed, the company’s emphasis on cross-border transaction capabilities and AI-driven fraud detection systems drew attention from institutional investors. Regulatory updates in key markets also contributed to investor sentiment, though their direct impact on near-term earnings remains speculative.

To ensure the back-test matches exactly what you have in mind, I need to pin down a few details: Market universe—Which exchange(s) should the “top-500 by volume” be picked from (e.g., U.S. common stocks on NYSE + NASDAQ, a specific country, etc.)? Ranking & re-balancing rule—“Top 500 by daily trading volume” – should the ranking be done on today’s volume at the close, then the basket is bought at the next day’s open and liquidated at that day’s close (i.e., 1-day holding period)? Or do you prefer buy at today’s close and sell at tomorrow’s close? Transaction costs & slippage—Do you want to include any flat commission or percentage slippage assumptions? If none are specified, I’ll assume zero to isolate the pure strategy return. Benchmark (optional)—Would you like to compare the strategy against a benchmark index (e.g., S&P 500) in the report?