ICE Shares Plummets 1.02 as Volume Slips to 221st in Market Activity

Intercontinental (ICE) fell 1.02% on October 2, with a trading volume of $540 million, marking a 20.2% decline from the previous day and ranking 221st in market activity. The stock's performance reflects subdued investor interest amid broader market dynamics.

The decline aligns with broader sector pressures as energy and commodities traders face mixed demand signals. ICE's volume contraction suggests reduced short-term trading momentum, though the stock remains within its typical volatility range. Analysts note the lack of catalysts in the immediate term, with earnings and macroeconomic data points remaining key watchpoints for directional clarity.

To evaluate ICE's historical liquidity patterns, a rigorous back-test would require: 1) a universe of U.S. equities including delisted names, 2) daily ranking by dollar volume, 3) close-to-close 1-day holding periods with equal weighting, and 4) adjusted OHLCV data from January 3, 2022, to October 2, 2025. The output would include equity curves and risk metrics like annualized return, Sharpe ratio, and maximum drawdown. Implementation requires custom data processing for portfolio construction before metric calculation.

Confirmation is needed on universe scope, volume ranking criteria (dollar vs. share), and weighting methodology before proceeding with data extraction and back-test execution.