S&P 500 has seen increased institutional buying: Buy Imbalance sits at +$555.1 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.5%. SPY stock last traded at $601.01. Large volume bursts in S&P 500 stocks reached 48.2 million shares worth a total of $7.1 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 1.2 to 1 ratio. There were 135 stocks that had more buy pressure on balance, and 122 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$555.1 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 58.0%, compared with 42.0% 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 is +$555.1 million, however, the peak buy imbalance for the day occurred at 10:45 AM, when the net buy dollar volume was +$986.5 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 4.5 to 1 ratio.
Flow by Sector
Technology had the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $592.9 million. 29 of the Technology stocks had positive dollar balance, versus 15 that were net negative.
Individual Stocks
PLTR stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts surpassed sell volume by 3.2 million shares. As of this afternoon, the average purchase price on buy volume was $104.73. The stock price increased $19.30, indicating strength following the trade.
