The market has been down on Intercontinental Exchange Inc (ICE) stock recently. ICE gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ICE Stock Today?
Intercontinental Exchange Inc (ICE) stock is up 1.26% while the S&P 500 is lower by -0.38% as of 12:09 PM on Friday, Jul 31. ICE is up $1.19 from the previous closing price of $94.37 on volume of 1,166,358 shares. Over the past year the S&P 500 has gained 8.51% while ICE is up 8.76%. ICE earned $3.86 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.75.
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 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 exchanges, ICE's data and listings segment offers critically important equity and fixed-income market and pricing data. The company acquired Interactive Data in 2015 to bolster its fixed-income data offerings.
