In a filing, Intercontinental Exchange Inc revealed its Chief Executive Officer Sprecher Jeffrey C unloaded Company’s shares for reported $15.09 million on Apr 03 ’24. In the deal valued at $137.21 per share,110,000 shares were sold. As a result of this transaction, Sprecher Jeffrey C now holds 2,661,705 shares worth roughly $347.46 million.
Then, Sprecher Jeffrey C sold 58,388 shares, generating $8,011,519 in total proceeds. Upon selling the shares at $137.21, the Chief Executive Officer now owns 1,179,895 shares.
Before that, SPRIESER JUDITH A sold 2,238 shares. Intercontinental Exchange Inc shares valued at $307,422 were divested by the Director at a price of $137.36 per share. As a result of the transaction, SPRIESER JUDITH A now holds 29,347 shares, worth roughly $3.83 million.
Barclays upgraded its Intercontinental Exchange Inc [ICE] rating to an Overweight from a an Equal weight in a research note published on January 08, 2024; the price target was increased to $148 from $120. Citigroup also remained covering ICE and has increased its forecast on August 04, 2023 with a “Buy” recommendation from previously “Neutral” rating. Barclays started covering the stock on June 28, 2023. It rated ICE as “an Equal weight”.
Price Performance Review of ICE
On Monday, Intercontinental Exchange Inc [NYSE:ICE] saw its stock fall -2.25% to $130.54. Over the last five days, the stock has lost -4.63%. Intercontinental Exchange Inc shares have risen nearly 1.64% since the year began. Nevertheless, the stocks have risen 21.42% over the past one year. While a 52-week high of $140.43 was reached on 03/07/24, a 52-week low of $103.81 was recorded on 01/04/24. SMA at 50 days reached $135.91, while 200 days put it at $120.88. A total of 2.26 million shares were traded, compared to the trading of 3.26 million shares in the previous session.
Levels Of Support And Resistance For ICE Stock
The 24-hour chart illustrates a support level at 128.85, which if violated will result in even more drops to 127.16. On the upside, there is a resistance level at 133.54. A further resistance level may holdings at 136.54. The Relative Strength Index (RSI) on the 14-day chart is 31.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.64%. Stochastics %K at 13.49% indicates the stock is a buying.
