S&P 500 has seen increased institutional buying: Buy Imbalance reaches +$767.6 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 1.3%. SPY stock last traded at $505.98. Large volume bursts in S&P 500 stocks reached 32.0 million shares worth a total of $5.5 billion in transactions. There was notable buy pressure in the Technology and Communication Services sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.3 to 1 ratio. There were 133 stocks that had more buy pressure on balance, and 107 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$767.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 50.7%, compared with 49.3% 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 buy imbalance is +$767.6 million, however, the peak buy imbalance for the day occurred at 12:30 PM, when the net buy dollar volume was +$775.9 million. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the buy pressure outweighed the sell pressure by a 3.1 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $406.3 million. 19 of the Technology stocks had positive dollar balance, versus 17 that were net negative.
Individual Stocks
KO stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 2.1 million shares. As of this afternoon, the average purchase price on buy volume was $60.35. The stock has rallied $0.06, indicating strength following the trade.
