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Overall market sentiment has been high on Intercontinental Exchange Inc (ICE) stock lately. ICE receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What’s Happening With ICE Stock Today?
Intercontinental Exchange Inc (ICE) stock is trading at $118.07 as of 12:49 PM on Tuesday, Aug 29, an increase of $0.57, or 0.49% from the previous closing price of $117.50. The stock has traded between $117.30 and $118.46 so far today. Volume today is light. So far 929,323 shares have traded compared to average volume of 2,180,806 shares.
To see InvestorsObserver’s Sentiment Score for Intercontinental Exchange Inc click here.
More About Intercontinental Exchange Inc
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 55% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (18% of net revenue) and fixed-income and data services segment (27% of net revenue).
Click Here to get the full Stock Report for Intercontinental Exchange Inc stock.