Intercontinental Exchange Inc. [ICE] stock for 167,680 USD was sold by Foley Douglas


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 $167,680 were sold by Foley Douglas on Feb 23. At $104.80 per share, Foley Douglas sold 1,600 shares. The insider’s holdings dropped to 21,481 shares worth approximately $2.2 million following the completion of this transaction.

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Also, Sprecher Jeffrey C sold 81,827 shares, netting a total of over 8,511,363 in proceeds. Following the sale of shares at $104.02 each, the insider now holds 1,203,104 shares.

Before that, Sprecher Jeffrey C had sold 30,000 shares from its account. In a trade valued at $3,120,473, the Chief Executive Officer traded Intercontinental Exchange Inc. shares for $104.02 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $301.85 million.

As published in a research note from BofA Securities on November 17, 2022, Intercontinental Exchange Inc. [ICE] has been rated up from a Neutral to a Buy and the price target has been revised to $132 from $116. This represents a 22.27% premium over Wednesday’s closing price. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of August 17, 2022, Rosenblatt has initiated its “Buy” rating for ICE. Earlier on February 15, 2022, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for ICE stock.

Analyzing ICE Stock Performance

On Wednesday, Intercontinental Exchange Inc. [NYSE: ICE] plunged -0.34% to $102.61. The stock’s lowest price that day was $102.17, but it reached a high of $103.63 in the same session. During the last five days, there has been a surge of approximately 1.69%. Over the course of the year, Intercontinental Exchange Inc. shares have jumped approximately 0.02%. Shares of the company reached a 52-week high of $111.29 on 02/02/23 and a 52-week low of $100.18 on 03/02/23. A 50-day SMA is recorded $105.79, while a 200-day SMA reached $101.05. Nevertheless, trading volume fell to 2.65 million shares from 4.81 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 101.98, which, if violated, would cause prices to drop to 101.34. In the upper region, resistance lies at 103.44. The next price resistance is at 104.26. RSI (Relative Strength Index) is 40.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 69.85%, indicating low 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 Jan 30, 2023 jumping by 0.89 million shares to 4.86 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 3.97 million shares. A jump of 18.31% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.24 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.24.

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

According to The Vanguard Group, Inc. filings, the company currently owns 43,109,011 shares, which is about 7.72% of the total ICE shares outstanding. The investor’s shares have appreciated by 310,879 from its previous 13-F filing of 42798132.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $2,842,913,783. SSgA Funds Management, Inc. acquire a 0.29% interest valued at $2.57 billion while T. Rowe Price Investment Manageme purchased a 5,354,161 stake. A total of -140,442 shares of Intercontinental Exchange Inc. were bought by Morgan Stanley Investment Managem during the quarter, and -862,135 were sold by Fidelity Management & Research Co. In its current portfolio, Geode Capital Management LLC holds 10,375,880 shares valued at $1.12 billion.


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