Shares of Intercontinental Exchange Inc. (NYSE:ICE) traded at a new 52-week high today of $119.93. So far today approximately 183,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.
Intercontinental Exchange Inc. share prices have moved between a 52-week high of $119.93 and a 52-week low of $84.67 and are now trading 40% above that low price at $118.77 per share.
Intercontinental Exchange Inc. (NYSE:ICE) is currently priced 1.0% above its average consensus analyst price target of $117.62.
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 is the operator of a large derivatives exchange as well. The company’s largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business that is about 55% of net revenue, Intercontinental Exchange also has mortgage technology (15% of net revenue) and fixed income & data services businesses (30% of net revenue).
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