S&P 500 has seen increased institutional selling: Sell Imbalance hits -$1.3 billion
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 $736.83. Large volume bursts in S&P 500 stocks reached 46.6 million shares worth a total of $9.9 billion in transactions. There was notable buy pressure in the Communication Services and Health Care sectors. Overall, sell volume pressure surpassed buy volume pressure by a 1.3 to 1 ratio. There were 151 stocks that had more buy pressure on balance, and 139 stocks that had more sell pressure from large institutions. As a whole, there was a net negative -$1.3 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 63.3%, compared with 36.7% 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 -$1.3 billion, however, the furthest sell imbalance for the day occurred at 12:45 PM, when the net sell dollar volume was -$1.4 billion. The largest spike in imbalance came between 10:30 AM and 10:45 AM when the sell pressure surpassed the buy pressure by a 5.1 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 $1.5 billion. 24 of the Technology stocks had positive dollar balance, versus 32 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts outpaced buy volume by 1.9 million shares. As of this afternoon, the average trade price on sell volume was $223.02. The stock price decreased $3.81, indicating weakness following the trade.