S&P 500 has seen increased institutional buying: Buy Imbalance hits +$1.1 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.8%. SPY stock last traded at $680.52. Large volume bursts in S&P 500 stocks reached 64.0 million shares worth a total of $9.1 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.3 to 1 ratio. There were 167 stocks that had more buy pressure on balance, and 119 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.1 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 53.5%, compared with 46.5% 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 buy imbalance of +$1.1 billion occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 9:45 AM, when the net sell reached -$82.6 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the buy pressure outweighed the sell pressure by a 3.4 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $551.6 million. 36 of the Technology stocks had positive dollar balance, versus 14 that were net negative.
Individual Stocks
PFE stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts outpaced buy volume by 3.3 million shares. As of this afternoon, the average trade price on sell volume was $24.35. Even though the sell pressure has been significant, the stock price has risen $0.17 on the day.