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 $23,409,185 were sold by Sprecher Jeffrey C on Nov 13 ’24. At $156.06 per share, Sprecher Jeffrey C sold 150,000 shares. The insider’s holdings dropped to 2,401,705 shares worth approximately $380.31 million following the completion of this transaction.
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Also, Jackson Benjamin sold 11,654 shares, netting a total of over 1,823,113 in proceeds. Following the sale of shares at $156.44 each, the insider now holds 156,163 shares.
Before that, Edmonds Christopher Scott had sold 602 shares from its account. In a trade valued at $94,412, the President, Fixed Income & Data traded Intercontinental Exchange Inc shares for $156.83 each. Upon closing the transaction, the insider’s holdings decreased to 602 shares, worth approximately $2.13 million.
As published in a research note from Raymond James on October 14, 2024, Intercontinental Exchange Inc [ICE] has been rated down from a Strong buy to an Outperform and the price target has been revised to $185. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of September 26, 2024, TD Cowen has initiated its “Buy” rating for ICE. Earlier on August 02, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for ICE stock which previously was a “a Buy”.
Analyzing ICE Stock Performance
During the last five days, there has been a surge of approximately 1.20%. Over the course of the year, Intercontinental Exchange Inc shares have jumped approximately 23.30%. Shares of the company reached a 52-week high of $167.99 on 10/30/24 and a 52-week low of $124.34 on 05/02/24. A 50-day SMA is recorded $160.67, while a 200-day SMA reached $146.21. Nevertheless, trading volume fell to 2.51 million shares from 1.87 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 156.23, which, if violated, would cause prices to drop to 154.11. In the upper region, resistance lies at 159.75. The next price resistance is at 161.16. RSI (Relative Strength Index) is 48.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 27.26%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
