10-May-2024
Benzinga (Sun, 12-May 1:33 PM ET)
SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates MCBC, IP, NX, AGBA
Globe Newswire (Sat, 11-May 9:18 AM ET)
Business Wire (Fri, 10-May 5:37 PM ET)
Seaport Global Sticks to Their Hold Rating for International Paper Co (IP)
TipRanks (Wed, 8-May 8:45 AM ET)
International Paper gains amid report of Suzano $15B takeover offer (update)
Seeking Alpha News (Tue, 7-May 4:33 PM ET)
International Paper Issues Statement
PRNewswire (Tue, 7-May 4:03 PM ET)
International Paper, Suzano deal seems unlikely - analysts
Seeking Alpha News (Tue, 7-May 1:15 PM ET)
International Paper gains amid report of Suzano $15B takeover offer
Seeking Alpha News (Tue, 7-May 9:39 AM ET)
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)
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 10, 2024, IP stock price declined to $38.58 with 7,065,204 million shares trading.
IP has a beta of 0.70, meaning it tends to be less sensitive to market movements. IP has a correlation of 0.08 to the broad based SPY ETF.
IP has a market cap of $13.40 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, DVY, VO, SPY.
IP stock has underperformed the market in the last year with a return of +26.8%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IP shares. However, IP has outperformed the market in the last 3 month and 2 week periods, returning +10.7% and +14.0%, while SPY returned +4.2% and +2.5%, respectively. This indicates IP has been having a stronger performance recently.
IP support price is $38.96 and resistance is $40.72 (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.