A company insider recently sold 7,500 shares of International Paper Company [IP]. Should You also Consider to Sale?


International Paper Company’s filing revealed that its Senior Vice President Nicholls Timothy S unloaded Company’s shares for reported $0.25 million on Oct 31. In the deal valued at $33.66 per share,7,500 shares were sold. As a result of this transaction, Nicholls Timothy S now holds 101,897 shares worth roughly $ 3.42 million.

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Then, INTERNATIONAL PAPER CO /NEW/ sold 4,614,358 shares, generating $167,270,478 in total proceeds. Upon selling the shares at $36.25, the 10% Owner now owns 0 shares.

Before that, Goughnour Holly G. sold 2,155 shares. International Paper Company shares valued at $96,307 were divested by the Vice President & Controller at a price of $44.69 per share. As a result of the transaction, Goughnour Holly G. now holds 5,351 shares, worth roughly $0.18 million.

Deutsche Bank downgraded its International Paper Company [IP] rating to a Sell from a a Hold in a research note published on Monday, October 18, 2022; the price target was decreased to $29 from $44. PT values the company’s stock at a premium of -15.83 to its Monday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid September from “a Hold” to “an Underperform”. Wells Fargo also remained covering IP and has decreased its forecast on July 18, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Citigroup revised its rating on June 21, 2022. It rated IP as “a Neutral” which previously was an “a Buy”.

Price Performance Review of IP

On Monday, International Paper Company [NYSE:IP] saw its stock fall -0.24% to $33.59. On the same session, the stock had its day’s lowest price of $33.215, but rose to a high of $33.89. Over the last five days, the stock has lost -0.06%. International Paper Company shares have fallen nearly -28.50% since the year began. Nevertheless, the stocks have fallen -31.27% over the past one year. While a 52-week high of $50.28 was reached on 04/21/22, a 52-week low of $30.69 was recorded on 10/11/22. SMA at 50 days reached $35.12, while 200 days put it at $42.61. A total of 2.52 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For IP Stock

The 24-hour chart illustrates a support level at 33.24, which if violated will result in even more drops to 32.89. On the upside, there is a resistance level at 33.92. A further resistance level may holdings at 34.24. The Relative Strength Index (RSI) on the 14-day chart is 49.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.19%. Stochastics %K at 64.00% indicates the stock is a holding.

How much short interest is there in International Paper Company?

A steep rise in short interest was recorded in International Paper Company stocks on Jul 14, 2022, growing by 3.53 million shares to a total of 15.23 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 11.7 million shares. There was a rise of 23.18%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.70% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.69.

International Paper Company [IP] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 41,809,008 shares, or roughly 11.55% of the outstanding IP shares. In other words, the investor’s shares have fallen by -741,535 from its previous 13-F filing of 42550543.0. Additionally, T. Rowe Price Associates, Inc. decreased -0.45% of its stake after which the total value it holdings stand at $882,256,046, while BlackRock Fund Advisors added 1.18% of its stake to hold $837.91 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -237,758 shares of International Paper Company, while Managed Account Advisors LLC sold 4,394,069 shares. At present, Geode Capital Management LLC is holding 7,966,950 shares valued at $252.55 million. Charles Schwab Investment Managem owned 6,865,776 shares of the company at the time of its most recent 13F filing, worth $217.65 million.


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