Retail traders dump $257 million in stocks in 5th biggest selling day since 2020

Yahoo Finance · David Hollerith ·

Retail investors are dumping US stocks at a pace not seen since the onset of the COVID-19 pandemic, breaking with their typical market-down-day habit of "buy...

Retail investors dumped US stocks on Thursday at a pace not seen since the onset of the COVID-19 pandemic, breaking with their typical market-down-day habit of "buying the dip."

Everyday investors sold a net $257 million in individual US stocks on Thursday, according to Vanda Research, the fifth biggest single-day of net selling spree since March 17, 2020, when retail investors pulled $502 million from individual stocks.

"This is what we would call a total capitulation by retail investors," Viraj Patel, global macro strategist at Vanda Research, said in emailed comments.

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