The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Intercontinental Exchange Inc shares valued at $125,966 were purchased by ANDREW SURDYKOWSKI on Sep 26 ’24. At $159.45 per share, ANDREW SURDYKOWSKI acquired 790 shares.
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Also, Edmonds Christopher Scott sold 602 shares, netting a total of over 98,012 in proceeds. Following the sale of shares at $162.81 each, the insider now holds 14,034 shares.
Before that, Williams Stuart Glen had sold 468 shares from its account. In a trade valued at $76,195, the Chief Operating Officer traded Intercontinental Exchange Inc shares for $162.81 each. Upon closing the transaction, the insider’s holdings decreased to 468 shares, worth approximately $2.14 million.
As published in their initiating research note from TD Cowen on September 26, 2024, Intercontinental Exchange Inc [ICE] has been a Buy and the price target has been revised to $182. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of July 01, 2024, Goldman has increased its “Neutral” rating to a “Buy” for ICE. Earlier on January 08, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for ICE stock which previously was a “an Equal weight”.
Analyzing ICE Stock Performance
During the last five days, there has been a drop of approximately -0.47%. Over the course of the year, Intercontinental Exchange Inc shares have jumped approximately 23.12%. Shares of the company reached a 52-week high of $163.71 on 09/06/24 and a 52-week low of $124.34 on 05/02/24. A 50-day SMA is recorded $156.40, while a 200-day SMA reached $139.24. Nevertheless, trading volume fell to 3.24 million shares from 2.83 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 157.21, which, if violated, would cause prices to drop to 156.29. In the upper region, resistance lies at 159.68. The next price resistance is at 161.23. RSI (Relative Strength Index) is 46.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.73, which suggests the price will decrease in the coming days. Percent R is at 88.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
