S&P 500 has seen increased institutional selling: Sell Imbalance hits -$1.3 billion
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 $594.92. Large volume bursts in S&P 500 stocks reached 54.0 million shares worth a total of $8.3 billion in transactions. There was notable buy pressure in the Consumer Staples and Industrials sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.4 to 1 ratio. There were 149 stocks that had more buy pressure on balance, and 150 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.3 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 54.9%, compared with 45.1% 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 is -$1.3 billion, however, the furthest sell imbalance for the day occurred at 11:45 AM, when the net sell dollar volume was -$1.6 billion. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 4.4 to 1 ratio.
Flow by Sector
Consumer Discretionary saw the largest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $881.2 million. 18 of the Consumer Discretionary stocks had positive dollar balance, versus 21 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 1.5 million shares. As of this afternoon, the average trade price on sell volume was $126.89. The stock price decreased $2.06, indicating weakness following the trade.
