Trade-Ideas LLC identified
) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified IntercontinentalExchange Group as such a stock due to the following factors:
- ICE has 11x the normal benchmarked social activity for this time of the day compared to its average of 3.19 mentions/day.
- ICE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $184.1 million.
Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.
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More details on ICE:
Intercontinental Exchange, Inc. operates a network of regulated exchanges and clearing houses for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Israel, Canada, and Singapore.
The average volume for IntercontinentalExchange Group has been 967,000 shares per day over the past 30 days. IntercontinentalExchange Group has a market cap of $24.7 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.00 and a short float of 1.5% with 2.32 days to cover.
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