Taking a look at what insiders are doing to gauge the Intercontinental Exchange Inc. (ICE)’s direction


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Intercontinental Exchange Inc. shares valued at $949,552 were sold by Sprecher Jeffrey C on Sep 21. At $94.96 per share, Sprecher Jeffrey C sold 10,000 shares. The insider’s holdings dropped to 3,001,705 shares worth approximately $286.57 million following the completion of this transaction.

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Also, Sprecher Jeffrey C sold 87,377 shares, netting a total of over 8,296,341 in proceeds. Following the sale of shares at $94.95 each, the insider now holds 1,255,207 shares.

Before that, Surdykowski Andrew J had sold 2,500 shares from its account. In a trade valued at $267,500, the General Counsel traded Intercontinental Exchange Inc. shares for $107.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $4.01 million.

As published in their initiating research note from Citigroup on October 12, 2022, Intercontinental Exchange Inc. [ICE] has been a Neutral and the price target has been revised to $102. This represents a 6.4% premium over Thursday’s closing price. Analysts at Rosenblatt started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of February 15, 2022, Credit Suisse has initiated its “an Outperform” rating for ICE. Earlier on December 16, 2021, BofA Securities initiated its rating. Their recommendation was “a Neutral” for ICE stock.

Analyzing ICE Stock Performance

On Thursday, Intercontinental Exchange Inc. [NYSE: ICE] rose 3.07% to $95.47. The stock’s lowest price that day was $92.26, but it reached a high of $97.38 in the same session. During the last five days, there has been a drop of approximately -0.17%. Over the course of the year, Intercontinental Exchange Inc. shares have dropped approximately -30.20%. Shares of the company reached a 52-week high of $137.40 on 03/18/22 and a 52-week low of $88.60 on 10/13/22. A 50-day SMA is recorded $95.70, while a 200-day SMA reached $108.56. Nevertheless, trading volume fell to 3.6 million shares from 4.57 million shares the previous day.

Support And Resistance Levels for Intercontinental Exchange Inc. (ICE)

According to the 24-hour chart, there is a support level at 92.69, which, if violated, would cause prices to drop to 89.92. In the upper region, resistance lies at 97.81. The next price resistance is at 100.16. RSI (Relative Strength Index) is 53.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 24.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Intercontinental Exchange Inc. subject to short interest?

Stocks of Intercontinental Exchange Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.63 million shares to 7.58 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.95 million shares. A jump of 34.7% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.44 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.44.

Which companies own the most shares of Intercontinental Exchange Inc. (ICE)?

According to The Vanguard Group, Inc. filings, the company currently owns 42,383,961 shares, which is about 7.59% of the total ICE shares outstanding. The investor’s shares have plunged by -10,159 from its previous 13-F filing of 42394120.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $2,324,219,507. SSgA Funds Management, Inc. reduced a -7.15% interest valued at $2.15 billion while Morgan Stanley Investment Managem purchased a 2,188,924 stake. A total of 2,732,668 shares of Intercontinental Exchange Inc. were bought by T. Rowe Price Associates, Inc. during the quarter, and 323,617 were bought by Fidelity Management & Research Co. In its current portfolio, Capital Research & Management Co holds 12,161,027 shares valued at $1.1 billion.

In terms of Intercontinental Exchange Inc. share price expectations, FactSet research, analysts set an average price target of $123.23 in the next 12 months, up nearly 31.71% from the previous closing price of $92.63. Analysts anticipate Intercontinental Exchange Inc. stock to reach $164.00 by 2022, with the lowest price target being $102.00. In spite of this, 18 analysts ranked Intercontinental Exchange Inc. stock as an Overweight at the end of 2022. On June 25, 2021, Credit Suisse assigned a price target of “an Outperform” to the stock and resumed coverage with a $131.


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