S&P 500 has seen increased institutional selling: Sell Imbalance sits at -$758.6 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 $573.82. Large volume bursts in S&P 500 stocks reached 72.6 million shares worth a total of $8.3 billion in transactions. There was notable buy pressure in the Health Care and Energy sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.2 to 1 ratio. There were 169 stocks that had more buy pressure on balance, and 141 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$758.6 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 52.2%, compared with 47.8% 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 -$758.6 million, however, the furthest sell imbalance for the day occurred at 12:00 PM, when the net sell dollar volume was -$1.1 billion. The highest cumulative buy imbalance occurred at 10:00 AM, when the net buy hit +$260.4 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 5.6 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 $112.7 million. 30 of the Technology stocks had positive dollar balance, versus 19 that were net negative.
Individual Stocks
WBA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 253,957 shares. As of this afternoon, the average purchase price on buy volume was $11.39. The stock has gained $0.80, indicating strength following the trade.