S&P 500 is showing signs of institutional selling: Sell Imbalance hits -$1.7 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 1.6%. SPY stock last traded at $549.90. Large volume bursts in S&P 500 stocks reached 58.9 million shares worth a total of $6.2 billion in transactions. There was notable buy pressure in the Utilities sector. Overall, sell volume pressure exceeded buy volume pressure by a 1.8 to 1 ratio. There were 94 stocks that had more buy pressure on balance, and 157 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.7 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 51.1%, compared with 48.9% 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 -$1.7 billion occurred at 2:00 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the sell pressure surpassed the buy pressure by a 3.8 to 1 ratio.
Flow by Sector
Technology saw the largest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $325.5 million. 17 of the Technology stocks had positive dollar balance, versus 26 that were net negative.
Individual Stocks
INTC stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 3.6 million shares. As of this afternoon, the average purchase price on buy volume was $24.02. The stock has rallied $2.87, indicating strength following the trade.
