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 $44,923 were sold by Surdykowski Andrew J on Apr 26 ’24. At $131.74 per share, Surdykowski Andrew J sold 341 shares. The insider’s holdings dropped to 48,713 shares worth approximately $6.57 million following the completion of this transaction.
Also, Intercontinental Exchange, Inc purchased 350,880 shares, netting a total of over 304,213 in proceeds. Following the buying of shares at $0.87 each, the insider now holds 649,934 shares.
Before that, Sprecher Jeffrey C had sold 110,000 shares from its account. In a trade valued at $15,093,323, the Chief Executive Officer traded Intercontinental Exchange Inc shares for $137.21 each. Upon closing the transaction, the insider’s holdings decreased to 110,000 shares, worth approximately $359.2 million.
As published in a research note from Barclays on January 08, 2024, Intercontinental Exchange Inc [ICE] has been rated up from an Equal weight to an Overweight and the price target has been revised to $148 from $120. As of August 04, 2023, Citigroup has increased its “Neutral” rating to a “Buy” for ICE. Earlier on June 28, 2023, Barclays initiated its rating. Their recommendation was “an Equal weight” for ICE stock.
Analyzing ICE Stock Performance
During the last five days, there has been a surge of approximately 6.65%. Over the course of the year, Intercontinental Exchange Inc shares have jumped approximately 5.08%. Shares of the company reached a 52-week high of $140.43 on 03/07/24 and a 52-week low of $124.34 on 05/02/24. A 50-day SMA is recorded $134.62, while a 200-day SMA reached $122.36. Nevertheless, trading volume fell to 1.47 million shares from 1.41 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 133.68, which, if violated, would cause prices to drop to 132.42. In the upper region, resistance lies at 135.63. The next price resistance is at 136.32. RSI (Relative Strength Index) is 58.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.69, which suggests the price will increase in the coming days. Percent R is at 0.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
