S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$387.6 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is unchanged. SPY stock last traded at $568.10. Large volume bursts in S&P 500 stocks reached 34.5 million shares worth a total of $3.9 billion in transactions. There was notable buy pressure in the Consumer Staples and Consumer Discretionary sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.2 to 1 ratio. There were 96 stocks that had more buy pressure on balance, and 125 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$387.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 52.7%, compared with 47.3% being transacted in the dark pool. To learn more about large volume trades, check out our help section.
Daily Chart: Large Volume Bursts Over Time
As you can see from the chart below, the most recent cumulative sell imbalance is -$387.6 million, however, the furthest sell imbalance for the day occurred at 10:45 AM, when the net sell dollar volume was -$452.4 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the sell pressure surpassed the buy pressure by a 4.7 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $4.7 million. 20 of the Technology stocks had positive dollar balance, versus 13 that were net negative.
Individual Stocks
JNPR stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts surpassed buy volume by 863,331 shares. As of this afternoon, the average trade price on sell volume was $38.84. Despite significant sell pressure, the stock price has has been unchanged from the previous close.
