Wayfair Stock Plummets 0.14% as Trading Volume Craters 36.94% to Rank 451st in U.S. Equities

On September 24, 2025, Wayfair (W) closed at a 0.14% decline, with a trading volume of $220 million, a 36.94% drop from the previous day’s activity. The stock ranked 451st in trading volume among U.S. equities, reflecting subdued investor interest.

To set up this back-test properly I need to pin down a few implementation details: 1. Market universe • Should the ranking be done on all U.S. common stocks (NYSE + NASDAQ + AMEX), or on a different equity universe? 2. “Daily trading volume” definition • Use raw share volume, or dollar volume (Price × Volume)? 3. Trade execution convention • Buy at today’s close and sell at tomorrow’s close (most common for 1-day holding), or buy next day’s open and sell the same day’s close? • Any commission/slippage assumptions you’d like included? 4. Rebalancing frequency • Rebalance every trading day (i.e., form a new top-500 list each day)? 5. Benchmark / risk-free rate • Should I compare against SPY or simply provide absolute returns? Once these are confirmed I’ll generate the data-retrieval plan and run the back-test.