S&P 500 has seen increased institutional buying: Buy Imbalance reaches +$373.3 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.9%. SPY stock last traded at $561.14. Large volume bursts in S&P 500 stocks reached 55.8 million shares worth a total of $7.0 billion in transactions. There was notable buy pressure in the Communication Services and Technology sectors. Overall, buy volume pressure exceeded sell volume pressure by 0.0%. There were 118 stocks that had more buy pressure on balance, and 133 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$373.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 55.8%, compared with 44.2% 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 +$373.3 million, however, the peak buy imbalance for the day occurred at 1:30 PM, when the net buy dollar volume was +$440.3 million. The lowest cumulative sell imbalance occurred at 11:15 AM, when the net sell reached -$257.4 million. The largest spike in imbalance came between 10:30 AM and 10:45 AM when the sell pressure surpassed the buy pressure by a 5.3 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 $157.6 million. 24 of the Technology stocks had positive dollar balance, versus 19 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts surpassed sell volume by 285,318 shares. As of this afternoon, the average purchase price on buy volume was $115.48. The stock has rallied $6.97, indicating strength following the trade.
