S&P 500 has seen increased institutional selling: Sell Imbalance reaches -$881.7 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 $591.01. Large volume bursts in S&P 500 stocks reached 50.0 million shares worth a total of $7.3 billion in transactions. There was notable buy pressure in the Health Care and Communication Services sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.3 to 1 ratio. There were 138 stocks that had more buy pressure on balance, and 145 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$881.7 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 55.8%, compared with 44.2% 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 is -$881.7 million, however, the furthest sell imbalance for the day occurred at 10:45 AM, when the net sell dollar volume was -$1.2 billion. The largest spike in imbalance came between 10:30 AM and 10:45 AM when the sell pressure surpassed the buy pressure by a 7.9 to 1 ratio.
Flow by Sector
Technology saw the biggest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $905.5 million. 23 of the Technology stocks had positive dollar balance, versus 25 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 5.3 million shares. As of this afternoon, the average trade price on sell volume was $144.88. The stock has dropped $7.14, indicating weakness following the trade.
