BlockBeats news, on July 30, 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, with net sales totaling $213 million. Approximately 88% of the 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 net sold individual stocks for nine consecutive trading days this year, a rare phenomenon in recent years. However, capital has not exited the stock market but has shifted toward diversified investments such as ETFs, with retail investors also net buying the Roundhill Memory ETF (DRAM) on the same day. The firm believes that retail investors are becoming more cautious and selective, reducing exposure to individual stocks rather than adopting a broadly bearish view of the market.