S&P 500 has seen increased institutional selling: Sell Imbalance hits -$449.7 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.4%. SPY stock last traded at $553.26. Large volume bursts in S&P 500 stocks reached 40.0 million shares worth a total of $5.4 billion in transactions. There was notable buy pressure in the Consumer Staples and Real Estate sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.2 to 1 ratio. There were 129 stocks that had more buy pressure on balance, and 136 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$449.7 million in dollar volume trades. A larger portion of the trading volume matched up in the dark pool, with 50.7% of the large volume transactions being made off-exchange, while only 49.3% was traded on lit exchanges. 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 -$449.7 million, however, the furthest sell imbalance for the day occurred at 10:30 AM, when the net sell dollar volume was -$938.9 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the sell pressure surpassed the buy pressure by a 5.4 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $334.8 million. 28 of the Technology stocks had positive dollar balance, versus 18 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 exceeded buy volume by 2.9 million shares. As of this afternoon, the average trade price on sell volume was $104.83. The stock has dropped $3.96, indicating weakness following the trade.
