S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$181.4 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.0%. SPY stock last traded at $583.79. Large volume bursts in S&P 500 stocks reached 43.4 million shares worth a total of $6.4 billion in transactions. There was notable buy pressure in the Communication Services and Consumer Staples sectors. Overall, sell volume pressure surpassed buy volume pressure by 6.1%. There were 136 stocks that had more buy pressure on balance, and 158 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$181.4 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 56.4%, compared with 43.6% 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 -$181.4 million, however, the furthest sell imbalance for the day occurred at 10:15 AM, when the net sell dollar volume was -$734.5 million. The largest spike in imbalance came between 10:00 AM and 10:15 AM when the sell pressure surpassed the buy pressure by a 7.5 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 $324.5 million. 22 of the Technology stocks had positive dollar balance, versus 22 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 surpassed buy volume by 830,858 shares. As of this afternoon, the average trade price on sell volume was $135.29. The stock price decreased $3.42, indicating weakness following the trade.
