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Fly News Breaks for February 10, 2020
Feb 10, 2020 | 06:10 EDT
Wells Fargo analyst Christopher Harris upgraded IntercontinentalExchange (ICE) to Overweight from Equal Weight with a price target of $105, up from $100. The decline in IntercontinentalExchange's stock price since news of a potential eBay (EBAY) acquisition first surfaced has created an attractive entry point for investors, Harris tells investors in a research note. ICE has clearly stated that it has ruled out any combination with eBay, so the risk of a transaction "seems to be nil," adds the analyst. He does not believe the potential deal will create a permanent overhang on ICE shares or imply anything negative about ICE management's confidence in the core business.
News For ICE;EBAY From the Last 2 Days
Apr 14, 2021 | 12:25 EDT
Bullish option flow detected in EBay with 22,006 calls trading, 4x expected, and implied vol increasing over 1 point to 36.95%. 5/14 weekly 68 calls and May-21 65 calls are the most active options, with total volume in those strikes near 13,100 contracts. The Put/Call Ratio is 0.10. Earnings are expected on April 28th.