Stock Slumps to 258th in Trading Volume Amid Liquidity Woes and Sector Underperformance

On September 25, 2025, The experienced a trading volume of $0.45 billion, ranking 258th among listed equities. Meanwhile, Cigna (CI) declined by 2.53% during the session.

Market participants are closely monitoring the stock's liquidity profile as its volume level remains below average for its sector. The recent underperformance of CI has raised questions about sector-wide sentiment, though no direct causal link to The's performance has been established.

Analysts note that the stock's mid-tier volume ranking suggests limited institutional activity relative to peers. This pattern contrasts with recent months when the name frequently appeared in top 200 volume rankings during key earnings cycles.

To evaluate the feasibility of a volume-based rotation strategy involving 500 stocks, several implementation parameters require clarification: universe definition, entry/exit timing conventions, cost assumptions, and platform capabilities for cross-sectional rebalancing. These factors will directly impact the accuracy of backtesting results from January 3, 2022, through the current date.

Once implementation details are confirmed, the study will require generating daily trade signals with separate open and close positions for each rebalance date. This approach necessitates customized signal files for each trading day in the evaluation period.