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Monitoring Intercontinental Exchange Inc (ICE) after recent insider movements

Intercontinental Exchange Inc’s filing revealed that its Officer BENJAMIN R JACKSON acquired Company’s shares for reported $0.93 million on Nov 25 ’24. In the deal valued at $159.29 per share,5,828 shares were bought.

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Then, Sprecher Jeffrey C sold 150,000 shares, generating $23,409,185 in total proceeds. Upon selling the shares at $156.06, the Chief Executive Officer now owns 2,401,705 shares.

Before that, Jackson Benjamin sold 11,654 shares. Intercontinental Exchange Inc shares valued at $1,823,113 were divested by the President at a price of $156.44 per share. As a result of the transaction, Jackson Benjamin now holds 156,163 shares, worth roughly $24.93 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 0.21% to $159.63. Over the last five days, the stock has gained 1.23%. Intercontinental Exchange Inc shares have risen nearly 24.29% since the year began. Nevertheless, the stocks have risen 39.55% over the past one year. While a 52-week high of $167.99 was reached on 10/30/24, a 52-week low of $111.82 was recorded on 05/02/24. SMA at 50 days reached $160.59, while 200 days put it at $146.46.

Levels Of Support And Resistance For ICE Stock

The 24-hour chart illustrates a support level at 158.82, which if violated will result in even more drops to 158.00. On the upside, there is a resistance level at 160.42. A further resistance level may holdings at 161.20. The Relative Strength Index (RSI) on the 14-day chart is 52.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.82%. Stochastics %K at 81.66% indicates the stock is a selling.

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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