ICE Stock Summary and Trading Ideas (Intercontinental Exchange | NYSE:ICE)

Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).

Intercontinental Exchange trades on the NYSE stock market under the symbol ICE.

As of April 23, 2024, ICE stock price climbed to $132.33 with 2,184,041 million shares trading.

ICE has a beta of 0.90, meaning it tends to be less sensitive to market movements. ICE has a correlation of 0.46 to the broad based SPY ETF.

ICE has a market cap of $75.77 billion. This is considered a Large Cap stock.

Last quarter Intercontinental Exchange reported $2 billion in Revenue and $1.33 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.04.

In the last 3 years, ICE stock traded as high as $140.43 and as low as $88.60.

The top ETF exchange traded funds that ICE belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

ICE has underperformed the market in the last year with a price return of +23.7% while the SPY ETF gained +24.3%. ICE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.3% and -3.3%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

ICE support price is $130.28 and resistance is $133.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ICE stock will trade within this expected range on the day.