ICE to Join S&P 500, Trades Higher

Shares of IntercontinentalExchange are up 3.6% to $146.88 in thin pre-market trading, on news the company has been added to the S&P 500 Index as of the close of trading Tuesday (Sept. 25). ICE chairman and CEO Jeffrey C. Sprecher commented, "We are pleased to be included in the S&P 500 Index as we continue to grow our business for our customers and our shareholders. I am proud of the dedicated team we've assembled who have helped to establish ICE as a leading global marketplace in just seven years." ICE shares have appreciated more than 260% since listing on the New York Stock Exchange in November 2005. ICE gained 4.7% to $141.81 on Monday and has a 52-week trading range of $68.12 - $174.15.

Sources: Press release, MarketWatch
Commentary: Intercontinental Exchange: Worth Owning As A Core HoldingAn Exchange ETF Would Have Been a Top Performer Over Recent YearsICE Chairman and CEO Saves Face On CME Deal
Stocks/ETFs to watch: ICE
Earnings call transcript: Intercontinental Exchange Q2 2007

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