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Updated · MarketWatch · May 7Intercontinental Exchange stock rises 1.77% and outperforms rivals
9 articles · Updated · MarketWatch · May 7
- Shares closed at $156.11 on Thursday, snapping a two-day losing streak as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
- ICE beat peers including CME Group, Nasdaq and Cboe Global Markets, whose shares all declined during the session.
- The stock remains 17.55% below its 52-week high of $189.35 reached on 8 August, while trading volume of 3.1 million stayed below its 50-day average.
With insiders selling and a credit downgrade looming, what is fueling ICE's surprising outperformance against a falling market? Why do analysts call ICE a 'Buy' when its cash flow models suggest a value drop of over 50%?