In a filing, International Paper Co. revealed its Director SULLIVAN KATHRYN D unloaded Company’s shares for reported $29208.0 on Sep 30 ’24. In the deal valued at $48.68 per share,600 shares were sold. As a result of this transaction, SULLIVAN KATHRYN D now holds 39,545 shares worth roughly $1.92 million.
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Then, SULLIVAN KATHRYN D sold 600 shares, generating $29,688 in total proceeds. Upon selling the shares at $49.48, the Director now owns 39,802 shares.
Before that, Saab Joseph R. sold 2,440 shares. International Paper Co. shares valued at $115,412 were divested by the SVP, GC and Corp. Secretary at a price of $47.30 per share. As a result of the transaction, Saab Joseph R. now holds 18,668 shares, worth roughly $0.91 million.
Argus upgraded its International Paper Co. [IP] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early July with a ‘”a Hold”‘ rating. Seaport Research Partners also remained covering IP and has increased its forecast on June 28, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies revised its rating on May 23, 2024. It rated IP as “a Buy” which previously was an “a Hold”.
Price Performance Review of IP
On Friday, International Paper Co. [NYSE:IP] saw its stock jump 1.21% to $48.53. Over the last five days, the stock has lost -1.04%. International Paper Co. shares have risen nearly 34.25% since the year began. Nevertheless, the stocks have risen 36.94% over the past one year. While a 52-week high of $50.68 was reached on 09/19/24, a 52-week low of $31.76 was recorded on 02/06/24. SMA at 50 days reached $47.51, while 200 days put it at $41.20.
Levels Of Support And Resistance For IP Stock
The 24-hour chart illustrates a support level at 47.92, which if violated will result in even more drops to 47.31. On the upside, there is a resistance level at 48.87. A further resistance level may holdings at 49.20. The Relative Strength Index (RSI) on the 14-day chart is 51.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.13%. Stochastics %K at 16.49% indicates the stock is a buying.
How much short interest is there in International Paper Co.?
A steep rise in short interest was recorded in International Paper Co. stocks on 2024-09-13, growing by 2.6 million shares to a total of 41.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 38.71 million shares. There was a rise of 6.28%, which implies that there is a positive sentiment for the stock.
