Large Inflow of Money Detected in Intercontinental Exchange

Intercontinental Exchange (ICE) : On Tuesday, The money flowed into the Intercontinental Exchange (ICE) stock with an uptick to downtick ratio was recorded at 1.21. Transactions worth $17.81 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $14.69 million. The total money flow into the stock was $3.12 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.1 million of block transactions on upticks. The total money flow in block trades was $0 million. In terms of price action, Intercontinental Exchange (ICE) traded down $0.23 during the session at $278.33. Compared to the previous days closing, the stock was down only by -0.08%. For the week, the stock is 0.24%, over previous weeks closing.


Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Intercontinental Exchange (NYSE:ICE). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $295 per share to $307 per share. The rating by the firm was issued on August 9, 2016.

Shares of Intercontinental Exchange, Inc. rose by 0.39% in the last five trading days and 5.79% for the last 4 weeks. Intercontinental Exchange, Inc. is up 4.38% in the last 3-month period. Year-to-Date the stock performance stands at 10%.

Intercontinental Exchange (NYSE:ICE): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $278.87 and $276.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $280.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $279.96, notching a gain of 0.50% for the day. The total traded volume was 595,039 . The stock had closed at $278.56 on the previous day.

In a related news, The officer (President&Chief Op. Officer), of Intercontinental Exchange, Inc., Vice Charles A had unloaded 2,000 shares at $278.95 per share in a transaction on August 4, 2016. The total value of transaction was $557,900. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Intercontinental Exchange, Inc. (ICE) is a global operator of regulated exchanges, clearing houses and data services for financial and commodity markets. The Company operates marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes, including energy and agricultural commodities, equities and equity derivatives, among others. Its regulated exchanges include futures exchanges in the United States, United Kingdom, Canada, Singapore and Europe, three securities exchanges and two equity options exchanges. The Company also operates over-the-counter (OTC), markets for physical energy and credit default swaps (CDS). Its products and services include Regulated Energy Futures Contracts, Regulated Agricultural Futures Contracts, Regulated Financial Futures Contracts, Securities Products and Listings, Credit Derivatives Products, OTC Energy Products, ICE Data Services and New York Stock Exchange (NYSE) Data Services.

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