International Paper Co. [NYSE: IP] Sees Increase in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. International Paper Co. shares valued at $28,848 were sold by SULLIVAN KATHRYN D on Oct 15 ’24. At $48.08 per share, SULLIVAN KATHRYN D sold 600 shares. The insider’s holdings dropped to 38,945 shares worth approximately $1.91 million following the completion of this transaction.

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Also, SULLIVAN KATHRYN D sold 600 shares, netting a total of over 29,208 in proceeds. Following the sale of shares at $48.68 each, the insider now holds 39,545 shares.

Before that, SULLIVAN KATHRYN D had sold 600 shares from its account. In a trade valued at $29,688, the Director traded International Paper Co. shares for $49.48 each. Upon closing the transaction, the insider’s holdings decreased to 600 shares, worth approximately $1.95 million.

As published in a research note from Argus on August 14, 2024, International Paper Co. [IP] has been rated up from a Hold to a Buy and the price target has been revised to $52. Analysts at Stifel started covering the stock with ‘”a Hold”‘ outlook in a report released in early July. As of June 28, 2024, Seaport Research Partners has increased its “Neutral” rating to a “Buy” for IP. Earlier on May 23, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for IP stock which previously was a “a Hold”.

Analyzing IP Stock Performance

During the last five days, there has been a surge of approximately 2.23%. Over the course of the year, International Paper Co. shares have jumped approximately 35.68%. Nevertheless, trading volume fell to 4.71 million shares from 5.17 million shares the previous day.