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Potential Price Increase for Intercontinental Exchange Inc (ICE) After Recent Insider Activity

Intercontinental Exchange Inc’s recent filing unveils that its 10% Owner Intercontinental Exchange, Inc acquired Company’s shares for reported $0.3 million on Apr 25 ’24. In the deal valued at $0.87 per share,350,880 shares were bought. As a result of this transaction, Intercontinental Exchange, Inc now holds 649,934 shares worth roughly $85.0 million.

Then, Sprecher Jeffrey C sold 110,000 shares, generating $15,093,323 in total proceeds. Upon selling the shares at $137.21, the Chief Executive Officer now owns 2,661,705 shares.

Before that, Sprecher Jeffrey C sold 58,388 shares. Intercontinental Exchange Inc shares valued at $8,011,519 were divested by the Chief Executive Officer at a price of $137.21 per share. As a result of the transaction, Sprecher Jeffrey C now holds 1,179,895 shares, worth roughly $154.31 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 -0.70% to $130.78. Over the last five days, the stock has lost -0.66%. Intercontinental Exchange Inc shares have risen nearly 1.83% since the year began. Nevertheless, the stocks have risen 21.75% 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 $135.73, while 200 days put it at $121.78. A total of 1.56 million shares were traded, compared to the trading of 2.41 million shares in the previous session.

Levels Of Support And Resistance For ICE Stock

The 24-hour chart illustrates a support level at 129.91, which if violated will result in even more drops to 129.04. On the upside, there is a resistance level at 132.26. A further resistance level may holdings at 133.74. The Relative Strength Index (RSI) on the 14-day chart is 36.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.51%. Stochastics %K at 26.17% indicates the stock is a holding.

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