IP Stock Summary and Trading Ideas (International Paper Company | NYSE:IP)

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 December 16, 2024, IP stock price climbed to $55.79 with 2,609,860 million shares trading.

IP has a beta of 0.37, meaning it tends to be less sensitive to market movements. IP has a correlation of 0.02 to the broad based SPY ETF.

IP has a market cap of $19.38 billion. This is considered a Large Cap stock.

Last quarter International Paper Company reported $5 billion in Revenue and $.44 earnings per share. This fell short of revenue expectation by $-14 million and exceeded earnings estimates by $.18.

In the last 3 years, IP traded as high as $60.36 and as low as $29.01.

The top ETF exchange traded funds that IP belongs to (by Net Assets): VTI, VOO, DVY, VO, CGDV.

IP has outperformed the market in the last year with a return of +56.2%, while the SPY ETF gained +30.5%. In the last 3 month period, IP beat the market returning +15.5%, while SPY returned +8.3%. However, in the most recent 2 weeks IP has underperformed the stock market by returning -5.2%, while SPY returned +0.7%.

IP support price is $54.67 and resistance is $56.42 (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 shares will trade within this expected range on the day.