TC Energy's $310M Volume Surge Propels It to 342nd in Trading Rankings

On Sept. 26, 2025, TC Energy (TRP) traded with a volume of $310 million, surging 229.01% from the previous day’s activity and ranking 342nd in trading volume among listed stocks. The shares closed down 0.45% at $43.68.

Recent developments highlight regulatory scrutiny as U.S. lawmakers intensified investigations into cross-border pipeline projects, raising concerns over project delays and permitting risks. Analysts noted that prolonged regulatory uncertainty could pressure capital expenditure timelines, potentially affecting cash flow forecasts for 2026. Meanwhile, a Canadian environmental group published a report questioning the long-term viability of natural gas infrastructure, prompting mixed reactions among investors.

Market participants observed increased short-term volatility following a technical analysis report from a non-credited source, which identified key support levels near $43.20. However, institutional holdings data showed no significant net buying in the past two weeks, suggesting limited conviction in directional bets. The stock’s performance remains closely tied to broader energy sector trends, with crude oil prices stabilizing near $78/bbl after a week of consolidation.

To run this back-test rigorously I need to sort out a couple of practical details first: 1. Universe – When you say “top 500 stocks by daily trading volume,” which market/universe should I scan? 2. Weighting & execution – I intend to rebalance each day at that day’s close, hold the basket overnight, and exit at the next day’s close, equally-weighting all 500 names. 3. Corporate-action / survivorship bias – Are you comfortable with including delisted stocks (to avoid survivorship bias) or is a “current-constituent-only” approximation acceptable? Once those points are clarified I can pull the necessary price/volume history, build the daily baskets and run the back-test from 2022-01-03 (first trading day of 2022) through today.