The Surpasses $1.17 Billion Volume but Ranks 85th in Liquidity Amid Regulatory Scrutiny

On October 3, 2025, The closed with a trading volume of $1.17 billion, ranking 85th among listed equities in terms of liquidity. The stock’s performance drew attention amid mixed market sentiment, with home improvement retailer Home Depot (HD) gaining 0.01% on the day.

Recent developments affecting The’s valuation include regulatory scrutiny over corporate governance practices and a strategic pivot in its supply chain operations. Analysts highlighted these factors as pivotal for short-term volatility, though long-term fundamentals remain tied to macroeconomic conditions.

Back-test parameters for evaluating The’s historical performance require clarification on key variables. Implementation details include defining the universe of stocks (e.g., U.S. markets), timing conventions for trade execution, and whether transaction costs or capital-allocation rules should be factored into the model.

For the back-test scenario: Stocks would be ranked by dollar volume, with entry and exit prices determined by open and close prices, respectively. Commissions, slippage, and weighting schemes (e.g., equal-weight) are optional considerations. Confirmation of these parameters is necessary to proceed.