S&P 500 has seen increased institutional selling: Sell Imbalance reaches -$147.0 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 $568.55. Large volume bursts in S&P 500 stocks reached 46.1 million shares worth a total of $5.3 billion in transactions. There was notable buy pressure in the Consumer Staples and Health Care sectors. Overall, sell volume pressure outpaced buy volume pressure by 6.0%. There were 111 stocks that had more buy pressure on balance, and 116 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$147.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 52.6%, compared with 47.4% 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 -$147.0 million, however, the furthest sell imbalance for the day occurred at 12:15 PM, when the net sell dollar volume was -$224.5 million. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$95.5 million. The largest spike in imbalance came between 10:45 AM and 11:00 AM when the sell pressure surpassed the buy pressure by a 2.1 to 1 ratio.
Flow by Sector
Technology had the largest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $15.4 million. 16 of the Technology stocks had positive dollar balance, versus 21 that were net negative.
Individual Stocks
KVUE stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 681,648 shares. As of this afternoon, the average purchase price on buy volume was $22.86. Despite the buy pressure, the stock has dropped $0.04 on the day.
