S&P 500 has seen increased institutional selling: Sell Imbalance reaches -$833.7 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 $594.39. Large volume bursts in S&P 500 stocks reached 50.1 million shares worth a total of $5.8 billion in transactions. There was notable buy pressure in the Industrials and Real Estate sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.4 to 1 ratio. There were 120 stocks that had more buy pressure on balance, and 117 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$833.7 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 61.7%, compared with 38.3% 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 -$833.7 million, however, the furthest sell imbalance for the day occurred at 1:00 PM, when the net sell dollar volume was -$942.4 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 7.4 to 1 ratio.
Flow by Sector
Technology had the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $483.2 million. 23 of the Technology stocks had positive dollar balance, versus 20 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 outpaced buy volume by 3.3 million shares. As of this afternoon, the average trade price on sell volume was $127.98. The stock price decreased $4.31, indicating weakness following the trade.
