Stocks With Recent Insider Buying/Selling: Gray Television Inc. (GTN) and Intercontinental Exchange Inc. (ICE)

On Aug 13, Howell Robin Robinson, Director bought 1,300 shares of Gray Television Inc. (NYSE: GTN), with the average selling price of the stock being $15.49 per share. The total amount realized from this purchase $20,137. A document was filed with the Securities and Exchange Commission to notify the public about the purchase of the shares.

In addition to that, Chairman, President & CEO – HOWELL HILTON H JR bought an extra 1,300 shares of this stock in a transaction that took place a day before, on Aug 13, with a share bought at an average of $15.49 and a total of $20,137 was realized from this transaction. After the transaction, the Chairman, President & CEO – HOWELL HILTON H JR was left with 993,524 shares of the company’s stock, which is currently worth around $15389686.76.

The recent price movement of GTN means that it is now down by -11.34% from its 52-week high and 65.00% up against its 52-week low prices. Over the past one week, the price volatility of GTN stands at 3.39% while the volatility over the past one month is 2.73%. The beta score for this stock is 2.05. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 11/07/2019 published its latest quarterly earnings, with the report showing that the company recorded 1 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.92 by 0.08. The revenue by the firm was 554.06M for the quarter.

The shares of Gray Television Inc. (GTN) gained by 3.46%, leading to a gain of $0.75 per share, and saw GTN end the trading session at $22.44 on Wednesday 01/15/20. GTN started the trading session at $21.64, before reaching a daily high of $22.66. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $21.64.

The trading volume on Wednesday stood at 1085531, which was below the stock’s 3-month average volume of 668.51K shares, out of a total 90.32M shares. As the price of the stock climbed, the market valuation of the company gained to 2.28 billion.

The shares of Intercontinental Exchange Inc. (NYSE: ICE) went up by 2.13% by the end of the recent trading session. This movement saw its price surge to close at $95.77, which was higher than the previous closing price of $93.77. Over the past one week, the price of ICE has jumped by 2.32%, while it has recorded a gain of 4.20% over the past one month. Its three-month performance saw ICE gain 2.65% while its six-month performance saw it surge by 5.33%. The situation is different though over the past one year, as the stock price went up by 30.28%, while its year-to-date (YTD) price performance jumped by 3.48%. The stock price has gone up by +7.50% compared to its 90-day low, while it is down -0.50% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 2,556,970 shares, with the short-term indicators averagely rating the stock as a 100% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 2,588,562 shares and the indicators have an average rating of 100% Buy. The last indicators, the long-term see ICE stock with a 100-Day average volume of 2,334,187 shares, giving it an average rating of 100% Buy. A look at the general picture of all short, medium and long-term indicators leaves ICE with an average rating of 100% Buy.

Several brokerage firms sent out their reports ICE stock not long ago. In its report sent out on December 16, 2019, Credit Suisse lowered its ratings on ICE to a Outperform. In an earlier report on September 17, 2019, Oppenheimer Initiated the stock to a Outperform. Citigroup meanwhile in its report on July 22, 2019 Downgrade its rating of the stock from a “Neutral” to “Neutral”.

In related news to the company’s stock, around 95.80% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 954 institutions currently hold the ICE stock. In the last quarter, a 506,140,189 ICE shares were in the possession of institutions. On the other hand, the company recorded 72 new institutions who bought it their stock, while 54 institutions sold their entire ICE reserve. Of the current institutions investing in the stock, 424 increased their investment while 393 decreased their investment in the stock.