Retail investors post biggest one-day stock selling since March 2020
Vanda Research said retail traders sold $213 million of individual stocks on Tuesday, then dumped $316 million of U.S.-listed tech shares on Wednesday, extending a three-day technology-sector outflow to $643 million.
Retail investors recorded $213 million in net sales of individual stocks on Tuesday, the largest one-day outflow since the COVID-19 crash in March 2020, according to Vanda Research. The selling was heavily concentrated in memory-related stocks, with about 88% of the outflow tied to Micron, SanDisk, Seagate and Western Digital, even as traders were net buyers of the Roundhill Memory ETF. On Wednesday, retail investors sold $316 million of U.S.-listed information technology stocks, the largest single-day sale on record, bringing three-day outflows from tech shares to $643 million.
- net sales: A trading flow measure showing that sales exceeded purchases over a given period.
- Roundhill Memory ETF: An exchange-traded fund designed to provide exposure to companies tied to the memory segment of the semiconductor market.
- outflow: Money leaving an asset or group of assets as investors sell more than they buy.