The Surges to 35th in Market’s High-Volume Trading with $2.25B Surge

On September 11, 2025, The experienced a notable surge in trading activity with a volume of $2.25 billion, marking an 87.44% increase compared to the previous day. The stock ranked 35th in terms of trading volume among all listed equities, indicating heightened market participation and potential investor interest in the security.

Recent market dynamics suggest that liquidity-driven strategies may be influencing The's performance. The significant jump in trading volume aligns with patterns often observed during periods of increased institutional activity or algorithmic trading interventions. While price movements were not explicitly referenced in the provided data, the volume surge underscores the stock's role as a focal point in short-term trading strategies.

Analysts note that the absence of external earnings reports or corporate announcements implies the volume spike may stem from broader market positioning rather than fundamental catalysts. This aligns with historical patterns where high-volume days for individual stocks frequently coincide with index rebalancing or macroeconomic event-driven portfolio adjustments.

To build an accurate back-test I need a bit more detail about how you want the strategy defined and what universe to use: 1. Stock universe • All U.S. listed common stocks (NYSE + Nasdaq), or a different market? 2. Ranking date and execution price • Should the “top-500 by trading volume” be selected using yesterday’s volume (and bought at today’s open) to avoid look-ahead bias? 3. Portfolio construction • Equal-weight each of the 500 names for the 1-day holding period, or weight them by something else (e.g., volume-proportional)? 4. Transaction costs / slippage • Assume zero trading costs, or include a cost per trade? 5. Cash management • Re-invest proceeds fully each day (i.e., always hold 500 names), or hold residual cash? With these points confirmed I can generate the data-retrieval plan and run the back-test from 2022-01-01 to today.