S&P 500 is indicating institutional selling: Sell Imbalance reaches -$812.4 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.4%. SPY stock last traded at $602.11. Large volume bursts in S&P 500 stocks reached 54.0 million shares worth a total of $7.0 billion in transactions. There was notable buy pressure in the Health Care and Industrials sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.3 to 1 ratio. There were 129 stocks that had more buy pressure on balance, and 152 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$812.4 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 59.7%, compared with 40.3% 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 -$812.4 million, however, the furthest sell imbalance for the day occurred at 1:30 PM, when the net sell dollar volume was -$829.3 million. The highest cumulative buy imbalance occurred at 9:45 AM, when the net buy hit +$213.3 million. The largest spike in imbalance came between 1:00 PM and 1:15 PM when the sell pressure surpassed the buy pressure by a 2.7 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $242.0 million. 21 of the Technology stocks had positive dollar balance, versus 31 that were net negative.
Individual Stocks
KDP stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 1.5 million shares. As of this afternoon, the average trade price on sell volume was $33.69. Even though the sell pressure has been significant, the stock price has risen $0.71 on the day.
