By itself, Intercontinental Exchange (ICE) isn’t exactly what you would call a household name nor is ICE stock particularly regarded as a consensus upside opportunity (if the Barchart Technical Opinion rating of 88% Strong Sell is anything to go by). Heck, even the ticker has an unfortunate association among some partisan players. Nevertheless, it’s a name that deserves close attention, especially because it could be favorably mispriced.
Fundamentally, Intercontinental Exchange is an American Fortune 500 company that builds, owns and operates global financial exchanges, clearing houses and data services. Its most popular entity is the New York Stock Exchange, which it acquired in late 2013. Thanks to equities participation enjoying record volume milestones following the paradigm shift of COVID-19, ICE stock would seem to enjoy tremendous relevance.
