PDDs 710M Trading Volume Ranks 111th as Stock Plummets 078% Amid Shifting Market Focus

On September 26, 2025, PDD recorded a trading volume of $710 million, ranking 111th in market activity. The stock closed down 0.78% for the session, reflecting mixed investor sentiment amid evolving market dynamics.

Recent developments indicate shifting market focus toward PDD's operational efficiency and long-term growth potential. Analysts noted that the decline may stem from broader sector rotation rather than company-specific factors, as investors reassess exposure to high-growth technology equities in a tightening macroeconomic environment. The stock's liquidity profile remains robust, with consistent trading volumes supporting its position as a key player in the e-commerce sector.

To generate an accurate back-test, two critical parameters require clarification: the data universe for portfolio construction and the execution price assumption. While a broad-market ETF like SPY could serve as a proxy for diversified testing, precise performance evaluation would necessitate granular daily volume data for all components. Additionally, determining whether trades should be priced at the next-day open or closing price will directly impact the accuracy of the 1-day holding period analysis. Once these parameters are confirmed, a comprehensive performance assessment can be conducted from January 3, 2022, through the current trading date.