S&P 500 has seen increased institutional selling: Sell Imbalance reaches -$550.2 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 $693.27. Large volume bursts in S&P 500 stocks reached 72.9 million shares worth a total of $9.8 billion in transactions. There was notable buy pressure in the Utilities and Consumer Staples sectors. Overall, sell volume pressure exceeded buy volume pressure by 12.3%. There were 158 stocks that had more buy pressure on balance, and 162 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$550.2 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 53.1%, compared with 46.9% 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 -$550.2 million, however, the furthest sell imbalance for the day occurred at 11:00 AM, when the net sell dollar volume was -$672.0 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 3.2 to 1 ratio.
Flow by Sector
Technology had the highest amount of dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $483.1 million. 22 of the Technology stocks had positive dollar balance, versus 33 that were net negative.
Individual Stocks
KVUE stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 4.2 million shares. As of this afternoon, the average trade price on sell volume was $18.37. Even though the sell pressure has been significant, the stock price has risen $0.32 on the day.