Walmart 0.40% Gainer on 1.53 Billion-Share Volume Climbs to 79th in Market Activity as Momentum Strategy Surpasses 166.71% Return

On July 31, 2025, Walmart (WMT) closed with a 0.40% gain, trading with a daily volume of 1.53 billion shares, ranking 79th in market activity. The stock’s performance aligns with broader momentum strategies favoring high-liquidity equities, as evidenced by recent backtesting results.

Analysts highlight the stock’s position within volume-driven momentum frameworks, where high-trading activity often correlates with short-term price strength. Walmart’s inclusion in strategies targeting top-liquid stocks underscores its role as a stable yet volatile asset in concentrated liquidity environments. Despite its modest daily rise, the company’s market presence remains pivotal for investors prioritizing liquidity and risk-adjusted returns.

Backtesting of a strategy purchasing the top 500 high-volume stocks and holding for one day revealed a 166.71% return from 2022 to July 30, 2025, significantly outperforming the 29.18% benchmark. This approach generated an excess return of 137.53%, demonstrating the effectiveness of leveraging liquidity-driven momentum. The strategy’s consistency across time frames further validates its robustness in capturing short-term gains through concentrated exposure to volatile yet liquid assets.

The strategy’s success reflects broader market dynamics where volume surges in high-liquidity stocks, such as Walmart, often drive momentum. However, investors must remain cautious, as the inherent volatility of such stocks can amplify both gains and risks. The results emphasize the importance of disciplined risk management when deploying liquidity-focused strategies in dynamic market conditions.