S&P 500 has seen increased institutional buying: Buy Imbalance sits at +$376.5 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.8%. SPY stock last traded at $658.45. Large volume bursts in S&P 500 stocks reached 46.6 million shares worth a total of $7.9 billion in transactions. There was notable buy pressure in the Technology and Industrials sectors. Overall, buy volume pressure exceeded sell volume pressure by 0.0%. There were 140 stocks that had more buy pressure on balance, and 123 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$376.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 63.6%, compared with 36.4% 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 buy imbalance is +$376.5 million, however, the peak buy imbalance for the day occurred at 10:45 AM, when the net buy dollar volume was +$495.6 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 3.9 to 1 ratio.
Flow by Sector
Technology saw the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $558.6 million. 28 of the Technology stocks had positive dollar balance, versus 23 that were net negative.
Individual Stocks
MU stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 495,343 shares. As of this afternoon, the average purchase price on buy volume was $379.64. Despite the buy pressure, the stock has dropped $12.71 on the day.