TEL Slumps 24.61% in Trading Volume Falls Out of Top 500

On October 2, 2025, TE Connectivity (TEL) saw a trading volume of $270 million, marking a 24.61% decline from the previous day’s activity. The stock closed down 0.26%, underperforming broader market benchmarks as institutional selling pressure intensified in the final hours of trading.

Recent earnings revisions and sector-specific headwinds contributed to the downward trend. Analysts noted reduced capital expenditure forecasts from key industrial clients, which dampened near-term revenue visibility for the connectivity solutions provider. Additionally, macroeconomic indicators suggesting tightening credit conditions weighed on sector valuations, exacerbating profit-taking after a recent rally.

To back-test this idea rigorously, I need to pin down a few practical details: 1. Market / universe—Should I assume the whole U.S. listed equity universe (NYSE + NASDAQ + AMEX) each day, or a narrower group such as current S&P 500 constituents? 2. Turnover definition—Is “top 500 by daily trading volume” based on share count traded, dollar value traded, or either is fine? 3. Transaction costs / slippage—Do you want me to include any trading cost assumptions, or treat transactions as frictionless? With those points clarified, I can pull the data, generate the daily trade lists, and run the 1-day-hold strategy from 2022-01-01 through today.