S&P 500 has seen increased institutional selling: Sell Imbalance reaches -$997.3 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 $693.30. Large volume bursts in S&P 500 stocks reached 63.8 million shares worth a total of $9.6 billion in transactions. There was notable buy pressure in the Energy and Materials sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.2 to 1 ratio. There were 133 stocks that had more buy pressure on balance, and 158 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$997.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 54.8%, compared with 45.2% 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 of -$997.3 million occurred at 2:00 PM. This also represented the largest sell imbalance for the day. The largest spike in imbalance came between 11:15 AM and 11:30 AM when the sell pressure surpassed the buy pressure by a 3.2 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 $400.8 million. 22 of the Technology stocks had positive dollar balance, versus 31 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 exceeded sell volume by 1.9 million shares. As of this afternoon, the average purchase price on buy volume was $47.09. The stock has rallied $3.43, indicating strength following the trade.