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Raymond James downgrades Intercontinental Exchange Inc (ICE) rating to an Outperform

In a filing, Intercontinental Exchange Inc revealed its Chief Executive Officer Sprecher Jeffrey C unloaded Company’s shares for reported $23.41 million on Nov 13 ’24. In the deal valued at $156.06 per share,150,000 shares were sold. As a result of this transaction, Sprecher Jeffrey C now holds 2,401,705 shares worth roughly $378.72 million.

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Then, Jackson Benjamin sold 11,654 shares, generating $1,823,113 in total proceeds. Upon selling the shares at $156.44, the President now owns 156,163 shares.

Before that, Edmonds Christopher Scott sold 602 shares. Intercontinental Exchange Inc shares valued at $94,412 were divested by the President, Fixed Income & Data at a price of $156.83 per share. As a result of the transaction, Edmonds Christopher Scott now holds 13,432 shares, worth roughly $2.12 million.

Raymond James downgraded its Intercontinental Exchange Inc [ICE] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. TD Cowen began covering ICE with “Buy” recommendation on September 26, 2024. Deutsche Bank revised its rating on August 02, 2024. It rated ICE as “a Hold” which previously was an “a Buy”.

Price Performance Review of ICE

On Monday, Intercontinental Exchange Inc [NYSE:ICE] saw its stock jump 1.38% to $157.69. Over the last five days, the stock has gained 0.39%. Intercontinental Exchange Inc shares have risen nearly 22.78% since the year began. Nevertheless, the stocks have risen 40.46% over the past one year. While a 52-week high of $167.99 was reached on 10/30/24, a 52-week low of $110.64 was recorded on 05/02/24. SMA at 50 days reached $160.89, while 200 days put it at $145.76.

Levels Of Support And Resistance For ICE Stock

The 24-hour chart illustrates a support level at 155.77, which if violated will result in even more drops to 153.85. On the upside, there is a resistance level at 158.70. A further resistance level may holdings at 159.70. The Relative Strength Index (RSI) on the 14-day chart is 45.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.73%. Stochastics %K at 27.12% indicates the stock is a holding.

How much short interest is there in Intercontinental Exchange Inc?

A steep rise in short interest was recorded in Intercontinental Exchange Inc stocks on 2024-10-31, dropping by -1.28 million shares to a total of 4.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.61 million shares. There was a decline of -29.57%, which implies that there is a negative sentiment for the stock.

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