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Intercontinental Exchange Inc [ICE] Shares Jump Approximately 42.92% Over the Year

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intercontinental Exchange Inc shares valued at $932,480 were sold by Jackson Benjamin on Nov 25 ’24. At $160.00 per share, Jackson Benjamin sold 5,828 shares. The insider’s holdings dropped to 156,163 shares worth approximately $25.17 million following the completion of this transaction.

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Also, BENJAMIN R JACKSON purchased 5,828 shares, netting a total of over 928,342 in proceeds.

Before that, Sprecher Jeffrey C had sold 150,000 shares from its account. In a trade valued at $23,409,185, the Chief Executive Officer traded Intercontinental Exchange Inc shares for $156.06 each. Upon closing the transaction, the insider’s holdings decreased to 150,000 shares, worth approximately $387.13 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 3.48%. Over the course of the year, Intercontinental Exchange Inc shares have jumped approximately 25.51%. 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 $160.54, while a 200-day SMA reached $146.72. Nevertheless, trading volume fell to 2.48 million shares from 3.46 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 160.12, which, if violated, would cause prices to drop to 159.06. In the upper region, resistance lies at 162.12. The next price resistance is at 163.05. RSI (Relative Strength Index) is 56.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.74, which suggests the price will increase in the coming days. Percent R is at 11.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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