IntercontinentalExchange Rises On Unusually High Volume (ICE)
NEW YORK (TheStreet) -- IntercontinentalExchange (NYSE:ICE) is trading at unusually high volume Wednesday with 2.5 million shares changing hands. It is currently at four times its average daily volume and trading up $4.72 (+4%) at $122.94 as of 3:51 p.m. ET. IntercontinentalExchange has a market cap of $8.8 billion and is part of the financial sector and financial services industry. Shares are down 0.8% year to date as of the close of trading on Tuesday. IntercontinentalExchange, Inc., through its subsidiaries, operates regulated futures exchange and over-the-counter (OTC), markets, and derivatives clearing houses. The company has a P/E ratio of 23.4, equal to the average financial services industry P/E ratio and equal to the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full IntercontinentalExchange Ratings Report.
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