Retail Investors Sell $370 Billion in Stocks Including Tesla and Apple

Retail investors offloaded $370 billion in stocks over two weeks, up from $220 billion at the start of 2026, according to The Kobeissi Letter. Last week alone saw $125 million in outflows from SanDisk shares, the largest sale of any stock, while Apple and Tesla recorded $120 million and $105 million in sales respectively. The activity reflects widespread profit-taking among retail traders following a historic technology sector rally, with the S&P 500 up 95% since the end of 2022.

Retail Investors Sell $370 Billion in Stocks Over Two Weeks

Net retail sales in single stocks totaled $370 billion over two weeks, according to The Kobeissi Letter. This figure represents a sharp increase from $220 billion at the start of 2026. The volumes highlight shifting sentiment among individual investors even as broader markets advance.

Tesla and Apple Lead Individual Stock Outflows

Last week saw $125 million in outflows from SanDisk (SNDK) shares, marking the largest sale of any stock. Retail investors also dumped $120 million in Apple (AAPL) shares and $105 million in Tesla (TSLA) shares. Two-week retail sales volume in Tesla and Apple reached $200 million.

Additional stock sales included:

• Nvidia (NVDA): $65 million
• American Airlines (AAL): $40 million
• Meta (META): $22 million

The activity reflects widespread profit-taking among retail traders focused on major technology holdings following a historic tech rally.

S&P 500 Bull Market Ranks in Strongest 10% Since 1928

The Kobeissi Letter highlights the magnitude of the current equity bull run. The S&P 500 is up 95% since the end of 2022, placing the current bull market within the strongest 10% at this stage of the cycle in data going back to 1928.

By comparison, the top 25% of historical bull markets gained roughly 50% over the same period. The median bull market delivered approximately 35% after 3.5 years.

The current bull run has remained within the strongest 10% of historical bull markets for 2 years, excluding the March-April 2025 correction. Since the April 2025 low alone, the S&P 500 has surged 51%.

FAQ

How much stock did retail investors sell over two weeks?

Retail investors sold $370 billion in stocks over two weeks, up from $220 billion at the start of 2026, according to The Kobeissi Letter.

Which stocks saw the largest retail outflows last week?

Last week saw $125 million in SanDisk outflows, $120 million in Apple shares, and $105 million in Tesla shares. Additional sales included $65 million in Nvidia, $40 million in American Airlines, and $22 million in Meta shares.

How does the current S&P 500 bull market compare historically?

The S&P 500 is up 95% since the end of 2022, placing the current bull market within the strongest 10% at this stage of the cycle in data going back to 1928. Since the April 2025 low, the S&P 500 has surged 51%.