Individual investors recorded their largest day of net selling of single stocks since the COVID crash on Tuesday, according to Vanda Research. The research shop says the cohort is now offloading stocks at the fastest pace since the early days of the COVID-19 pandemic, and that this time the retail crowd is not simply buying the dip.
Individual investors are dumping stocks at the fastest pace since the early days of the COVID-19 pandemic, according to data from one widely followed research shop. The turn came on Tuesday, when the cohort recorded their largest day of net selling of individual stocks since the COVID crash, Vanda Research said in a Wednesday note shared with MarketWatch.
Major U.S. benchmarks were mixed as the note circulated. The S&P 500 stood at 7409.75, down 0.26%. The Dow Jones Industrial Average was at 52051.18, off 1.32%.
Then there were the other two gauges on the board. The Nasdaq Composite sat at 24879.07, up 0.01%. The VIX was quoted at 19.43, up 6.70%.
Yet individual investors are particularly engaged this year in trading single stocks. Instead of jumping to buy the dip in single stocks, the retail crowd is doing something a little different this time around, according to Vanda Research.
Source: MarketWatch (snippet-based)
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