S&P 500 is showing signs of institutional selling: Sell Imbalance reaches -$1.8 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.9%. SPY stock last traded at $672.65. Large volume bursts in S&P 500 stocks reached 53.4 million shares worth a total of $8.6 billion in transactions. There was notable buy pressure in the Financial and Real Estate sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.6 to 1 ratio. There were 124 stocks that had more buy pressure on balance, and 146 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.8 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 56.9%, compared with 43.1% 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 of -$1.8 billion occurred at 1:45 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 10:30 AM and 10:45 AM when the sell pressure surpassed the buy pressure by a 5.9 to 1 ratio.
Flow by Sector
Technology experienced the biggest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $948.4 million. 21 of the Technology stocks had positive dollar balance, versus 26 that were net negative.
Individual Stocks
VICI stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 2.5 million shares. As of this afternoon, the average purchase price on buy volume was $28.17. The stock has rallied $0.28, indicating strength following the trade.