S&P 500 has seen increased institutional selling: Sell Imbalance reaches -$1.4 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.9%. SPY stock last traded at $687.24. Large volume bursts in S&P 500 stocks reached 57.3 million shares worth a total of $8.3 billion in transactions. There was notable buy pressure in the Consumer Staples and Energy sectors. Overall, sell volume pressure exceeded buy volume pressure by a 1.4 to 1 ratio. There were 151 stocks that had more buy pressure on balance, and 150 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.4 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 55.2%, compared with 44.8% 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 of -$1.4 billion occurred at 2:00 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 10:45 AM and 11:00 AM when the sell pressure surpassed the buy pressure by a 4.2 to 1 ratio.
Flow by Sector
Technology had the largest dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $508.5 million. 23 of the Technology stocks had positive dollar balance, versus 23 that were net negative.
Individual Stocks
INTC stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 502,083 shares. As of this afternoon, the average trade price on sell volume was $47.92. Even though the sell pressure has been significant, the stock price has risen $1.15 on the day.