United's Shares Plummet 1.47% on $250M Volume, Ranked 464th in Market Activity

On September 8, 2025, , . The stock's performance reflects broader sector pressures amid mixed macroeconomic signals.

Recent developments indicate shifting investor sentiment toward United's business model. Analysts note increased scrutiny on operational efficiency metrics following recent earnings disclosures. While the company has historically maintained strong cash flow generation, recent quarterly reports highlight elevated capital expenditure requirements, prompting short-term volatility in trading patterns.

Market participants are closely monitoring that could reshape competitive dynamics. Several industry stakeholders have signaled potential shifts in pricing power across key markets, though United's specific exposure remains under evaluation. These factors contribute to the stock's current underperformance relative to sector benchmarks.

To run this back-test I need to settle a few practical details and assumptions. Could you please confirm (or amend) the following so I can proceed without making the wrong choices? 1. Universe • U.S. common stocks only (no ETFs, ADRs, preferreds, etc.). • Delisted names included so we don’t introduce survivorship bias. 2. Ranking rule • Rank symbols each trading day by dollar volume (price × shares traded) and pick the top 500. • Re-rank every day; the 500 names can change daily. 3. Trade mechanics • Entry: buy at the next-day open after the ranking is computed. • Exit: sell at that same day’s close (i.e., a 1-day holding period measured from open to close). • Position sizing: equal dollar weight across the 500 names each day. 4. Costs & slippage • Assume zero transaction costs and slippage unless you prefer specific values. 5. Benchmark (optional) • Compare against SPY (S&P 500 ETF) total return over the same period. 6. Time span • 2022-01-03 (first trading day in 2022) through 2025-09-06 (last close available). Once you give the go-ahead (or specify changes), I’ll run the full portfolio back-test and share performance, drawdown, and daily equity curve.