S&P 500 has seen increased institutional selling: Sell Imbalance hits -$248.7 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 $567.03. Large volume bursts in S&P 500 stocks reached 46.2 million shares worth a total of $5.7 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Consumer Staples sectors. Overall, sell volume pressure outpaced buy volume pressure by 9.4%. There were 88 stocks that had more buy pressure on balance, and 119 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$248.7 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 53.9%, compared with 46.1% 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 -$248.7 million, however, the furthest sell imbalance for the day occurred at 1:30 PM, when the net sell dollar volume was -$285.9 million. The highest cumulative buy imbalance occurred at 11:00 AM, when the net buy hit +$398.2 million. The largest spike in imbalance came between 1:15 PM and 1:30 PM when the sell pressure surpassed the buy pressure by a 7.2 to 1 ratio.
Flow by Sector
Consumer Discretionary had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $256.2 million. 16 of the Consumer Discretionary stocks had positive dollar balance, versus 12 that were net negative.
Individual Stocks
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts outpaced sell volume by 665,451 shares. As of this afternoon, the average purchase price on buy volume was $282.72. The stock has rallied $4.77, indicating strength following the trade.
