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Christopher Scott Edmonds, President of Fixed Income & Data at Intercontinental Exchange, Inc. (NYSE:ICE), recently sold 601 shares of the company's common stock. The transaction, which took place on January 15, 2025, was executed at a price of $147.73 per share, resulting in a total value of $88,785.
This sale was conducted under a Rule 10b5-1 trading plan, which had been approved and took effect on March 4, 2024. Following this transaction, Edmonds holds 12,922 shares, including a combination of common stock, unvested restricted stock units, and performance-based restricted stock units. Based on InvestingPro analysis, ICE appears fairly valued, with analysts maintaining a bullish consensus and setting price targets up to $216. Get access to detailed Fair Value analysis and 12+ additional ProTips with an InvestingPro subscription.
In other recent news, Intercontinental Exchange, Inc. (ICE) has experienced significant developments. ICE reported a record commodities volume day, with 9.1 million futures and options traded, including a record 8.7 million energy futures and options, and 6.1 million oil futures and options. The company also announced the acquisition of the American Financial Exchange (AFX), a key platform for direct lending and borrowing among U.S. banks and financial institutions.
Analysts have been active in their assessments of ICE. Citi analysts reiterated their Buy rating, citing strong positioning in the energy sector and improvements in the Financial Data & Information Services (NASDAQ:III) outlook. Keefe, Bruyette & Woods maintained an Outperform rating, despite a slight shortfall in the company's total futures average daily volume in the fourth quarter of 2024. Raymond (NS:RYMD) James also maintained an Outperform rating on ICE shares.
ICE reported record third-quarter financial results for 2024, with net revenues of $2.3 billion, driven by transaction revenues of $1.1 billion and recurring revenues of $1.2 billion. Adjusted operating income also reached a record high of $1.4 billion. The company's energy market performed robustly, with cleaner energy revenues accounting for 45% of total energy revenues. These are recent developments in the company's business operations.
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