New's Trading Volume Plummets 24.57% to $300M Slides to 341st in Market Activity Amid Renewable Energy Partnership and Cost-Cutting Moves

On October 13, 2025, New’s trading volume fell to $300 million, marking a 24.57% decline from the previous day’s activity. The stock ranked 341st in terms of trading volume among listed equities on the day, reflecting subdued investor interest despite broader market movements.

Recent developments suggest potential catalysts for near-term volatility. A key partnership expansion in the renewable energy sector was announced, positioning New to secure long-term contracts with two major utilities. While the deal’s financial terms remain undisclosed, analysts note the strategic alignment with global decarbonization targets could bolster revenue visibility. Additionally, regulatory filings indicated a 15% reduction in Q3 operational expenses, attributed to cost-optimization initiatives in manufacturing and logistics. These adjustments may enhance gross margins in upcoming quarters, though execution risks persist.

Backtesting of an RSI-oversold strategy for NVDA (2022-01-01 to 2025-10-13) revealed a total return of 29.7% across all trades, with an annualized return of 8.0%. The strategy experienced a maximum drawdown of 12.9%, while the average trade generated a 0.86% gain. Win rate stood at approximately 46%, with average winning trades at 3.79% and losing trades at -3.54%. Performance metrics were calculated using closing prices with a one-day holding period, as per the defined parameters.