Market On Close Imbalance: $254M To Buy-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is reported to be $254 million to the buy-side, indicating a potential increase in stock prices.
June 16, 2023 | 7:31 pm
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The buy-side imbalance of $254 million may lead to a short-term increase in the price of SPY.
A buy-side imbalance indicates that there are more buy orders than sell orders at the market close. This can lead to an increase in stock prices, including the SPY ETF, as demand outpaces supply. The $254 million imbalance suggests a significant amount of buying pressure, which may result in a short-term price increase for SPY.
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IMPORTANCE 60
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