S&P 500 is indicating institutional selling: Sell Imbalance hits -$667.6 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 $608.57. Large volume bursts in S&P 500 stocks reached 54.5 million shares worth a total of $6.5 billion in transactions. There was notable buy pressure in the Materials and Utilities sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.2 to 1 ratio. There were 138 stocks that had more buy pressure on balance, and 123 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$667.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 57.0%, compared with 43.0% 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 -$667.6 million, however, the furthest sell imbalance for the day occurred at 12:00 PM, when the net sell dollar volume was -$904.8 million. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$52.5 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 8.3 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 $82.1 million. 28 of the Technology stocks had positive dollar balance, versus 22 that were net negative.
Individual Stocks
PLTR stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 122,030 shares. As of this afternoon, the average purchase price on buy volume was $101.22. Despite the buy pressure, the stock has dropped $8.81 on the day.
