Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intercontinental Exchange Inc shares valued at $87,295 were purchased by CHRISTOPHER EDMONDS on Jan 15 ’25. At $145.25 per share, CHRISTOPHER EDMONDS acquired 601 shares.
Also, MAYUR KAPANI purchased 5,661 shares, netting a total of over 822,260 in proceeds.
Before that, Williams Stuart Glen had sold 750 shares from its account. In a trade valued at $114,742, the Chief Operating Officer traded Intercontinental Exchange Inc shares for $152.99 each. Upon closing the transaction, the insider’s holdings decreased to 750 shares, worth approximately $1.92 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 2.50%. Over the course of the year, Intercontinental Exchange Inc shares have jumped approximately 0.82%. Shares of the company reached a 52-week high of $150.25 on 01/16/25 and a 52-week low of $142.29 on 01/13/25. A 50-day SMA is recorded $153.72, while a 200-day SMA reached $149.01. Nevertheless, trading volume fell to 2.82 million shares from 5.11 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 148.74, which, if violated, would cause prices to drop to 147.24. In the upper region, resistance lies at 150.99. The next price resistance is at 151.74. RSI (Relative Strength Index) is 50.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 12.51%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
