3-May-2024
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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates UNIT, SWAV, IP, NX
Globe Newswire (Fri, 3-May 12:09 PM ET)
Kuehn Law Encourages IP, SWAV, NX, and UNIT Investors to Contact Law Firm
Globe Newswire (Fri, 3-May 10:47 AM ET)
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates IP, NX, AGBA
PRNewswire (Mon, 29-Apr 10:36 PM ET)
SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLC Investigates MCBC, IP, NX, AGBA
Globe Newswire (Sat, 27-Apr 8:41 AM ET)
PRNewswire (Fri, 26-Apr 7:37 PM ET)
Kuehn Law Encourages HCP, IP, SLCA, and FUSN Investors to Contact Law Firm
PRNewswire (Fri, 26-Apr 1:56 PM ET)
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates IP, HIBB, SLCA
PRNewswire (Fri, 26-Apr 12:48 PM ET)
International Paper Reports First Quarter 2024 Results
PRNewswire (Thu, 25-Apr 6:45 AM ET)
Women MAKE Awards Recognize Excellence In Manufacturing
PRNewswire (Fri, 19-Apr 11:05 AM ET)
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates IP, WIRE, MCBC, NXPL
PRNewswire (Thu, 18-Apr 12:13 PM ET)
International Paper manufactures packaging products and cellulose fibers. It accounts for roughly one third of the North American corrugated packaging market. Though it has operations in Brazil, India, and China, more than three fourths of its sales come from North America. International Paper serves a variety of end markets, including industrial, consumer products, and manufacturing.
International Paper Company trades on the NYSE stock market under the symbol IP.
As of May 3, 2024, IP stock price climbed to $36.28 with 5,247,634 million shares trading.
IP has a beta of 0.62, meaning it tends to be less sensitive to market movements. IP has a correlation of 0.06 to the broad based SPY ETF.
IP has a market cap of $12.60 billion. This is considered a Large Cap stock.
Last quarter International Paper Company reported $5 billion in Revenue and $.17 earnings per share. This beat revenue expectation by $59 million and missed earnings estimates by -$.05.
In the last 3 years, IP stock traded as high as $65.27 and as low as $29.01.
The top ETF exchange traded funds that IP belongs to (by Net Assets): VTI, VOO, VO, DVY, SPY.
IP has underperformed the market in the last year with a price return of +18.0% while the SPY ETF gained +27.0%. However, in the short term, IP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.8% vs +3.7% return in SPY. But in the last 2 weeks, IP shares have been beat by the market, returning +2.6% compared to an SPY return of +3.3%.
IP support price is $35.13 and resistance is $36.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IP stock will trade within this expected range on the day.