S&P 500 has seen increased institutional selling: Sell Imbalance sits at -$686.8 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.7%. SPY stock last traded at $656.45. Large volume bursts in S&P 500 stocks reached 52.8 million shares worth a total of $7.6 billion in transactions. There was notable buy pressure in the Technology and Energy sectors. Overall, sell volume pressure outpaced buy volume pressure by a 1.2 to 1 ratio. There were 108 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 -$686.8 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 69.8%, compared with 30.2% 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 sell imbalance is -$686.8 million, however, the furthest sell imbalance for the day occurred at 9:45 AM, when the net sell dollar volume was -$700.6 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 7.9 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $334.0 million. 26 of the Technology stocks had positive dollar balance, versus 17 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 outpaced sell volume by 6.9 million shares. As of this afternoon, the average purchase price on buy volume was $32.83. The stock has gained $1.98, indicating strength following the trade.