The (THE) Posts $610M Volume Ranks 176th in U.S. Market Amid Mixed Sectoral Performance

On October 7, 2025, The (THE) recorded a trading volume of $610 million, ranking it 176th among stocks listed in the U.S. market that day. The stock closed without significant directional movement, reflecting a neutral sentiment in the broader market amid mixed sectoral performance.

Market participants observed limited catalysts directly impacting The’s valuation. Analysts noted that the stock’s position within the trading volume hierarchy suggests moderate liquidity conditions, though no material news events or earnings updates were reported to influence its performance. The absence of sector-specific volatility or regulatory announcements further contributed to the muted trading activity.

To run this back-test for you I just need a bit more detail so I can build the data-gathering plan correctly: 1. Market universe • Do you want all U.S. listed common stocks (NYSE + NASDAQ), or a narrower universe such as S&P 500 constituents? 2. Selection rule • “Top 500 by daily trading volume” – should this be measured by: – Dollar value traded, or – Share count traded? • Equal-weight each day, correct? 3. Re-balancing / holding period • Enter at that day’s close and exit at the next day’s close (1-day holding period)? – If you prefer open-to-open or close-to-open, let me know. 4. Transaction costs • Should we include an estimate for commissions & slippage? If yes, please specify (e.g., 5 bps per round trip). Once I have these points confirmed I can pull the necessary volume data, build each day’s 500-stock basket, and run the back-test from 2022-01-03 (first trading day of 2022) through today.