S&P 500 has seen increased institutional selling: Sell Imbalance reaches -$730.0 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.7%. SPY stock last traded at $556.62. Large volume bursts in S&P 500 stocks reached 33.9 million shares worth a total of $4.6 billion in transactions. There was notable buy pressure in the Industrials and Communication Services sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.4 to 1 ratio. There were 91 stocks that had more buy pressure on balance, and 91 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$730.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 62.8%, compared with 37.2% 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 of -$730.0 million occurred at 2:00 PM. This also represented the largest sell imbalance for the day. The highest cumulative buy imbalance occurred at 10:00 AM, when the net buy hit +$62.5 million. The largest spike in imbalance came between 11:30 AM and 11:45 AM when the sell pressure surpassed the buy pressure by a 9.4 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 $827.0 million. 10 of the Technology stocks had positive dollar balance, versus 19 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 5.0 million shares. As of this afternoon, the average trade price on sell volume was $127.29. The stock has fallen $3.67, indicating weakness following the trade.
