S&P 500 has seen increased institutional selling: Sell Imbalance sits at -$121.0 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 $588.98. Large volume bursts in S&P 500 stocks reached 51.7 million shares worth a total of $6.8 billion in transactions. There was notable buy pressure in the Communication Services and Health Care sectors. Overall, sell volume pressure surpassed buy volume pressure by 3.7%. There were 142 stocks that had more buy pressure on balance, and 136 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$121.0 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 54.7% of the large volume transactions being made off-exchange, while only 45.3% was traded on lit exchanges. 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 -$121.0 million, however, the furthest sell imbalance for the day occurred at 12:45 PM, when the net sell dollar volume was -$337.3 million. The highest cumulative buy imbalance occurred at 11:45 AM, when the net buy hit +$396.0 million. The largest spike in imbalance came between 12:15 PM and 12:30 PM when the sell pressure surpassed the buy pressure by a 4.0 to 1 ratio.
Flow by Sector
Consumer Discretionary experienced the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $6.0 million. 16 of the Consumer Discretionary stocks had positive dollar balance, versus 13 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 exceeded buy volume by 2.4 million shares. As of this afternoon, the average trade price on sell volume was $139.83. Even though the sell pressure has been significant, the stock price has risen $0.09 on the day.
