Retail investors sell individual stocks at the highest level since the pandemic

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Retail investors hit a key resistance level on July 30, triggering the largest single-day net selling of individual stocks since March 2020, totaling $213 million. Over 88% of the selling was concentrated on memory chip stocks such as Micron (MU) and Western Digital (WDC). The trend has now continued for nine consecutive trading days. Meanwhile, funds shifted into the Roundhill Memory ETF (DRAM), as retail traders sought safer support levels through diversified exposure.

ME News reports that, on July 30 (UTC+8), according to Vanda Research data, U.S. retail investors recorded their largest single-day net sell-off of individual stocks since the March 2020 pandemic crash, amounting to $213 million. Approximately 88% of this selling pressure was concentrated in the memory chip sector, with Micron (MU), SanDisk (SNDK), Seagate (STX), and Western Digital (WDC) being the primary targets. Vanda Research noted that retail investors have now posted nine consecutive trading days of net stock sell-offs this year—an unusual phenomenon in recent years. However, capital has not exited the stock market entirely; instead, it has shifted toward diversified investments such as ETFs. On the same day, retail investors also net bought the Roundhill Memory ETF (DRAM). The firm believes retail investors are becoming more cautious and selective, reducing exposure to individual stocks rather than expressing broad market bearishness. (Source: BlockBeats)

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