In a filing, International Paper Co revealed its Director SULLIVAN KATHRYN D unloaded Company’s shares for reported $32100.0 on Oct 31 ’24. In the deal valued at $53.50 per share,600 shares were sold. As a result of this transaction, SULLIVAN KATHRYN D now holds 38,345 shares worth roughly $2.2 million.
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Then, SULLIVAN KATHRYN D sold 600 shares, generating $28,848 in total proceeds. Upon selling the shares at $48.08, the Director now owns 38,945 shares.
Before that, SULLIVAN KATHRYN D sold 600 shares. International Paper Co shares valued at $29,208 were divested by the Director at a price of $48.68 per share. As a result of the transaction, SULLIVAN KATHRYN D now holds 39,545 shares, worth roughly $2.27 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 Tuesday, International Paper Co [NYSE:IP] saw its stock fall -0.61% to $57.31. Over the last five days, the stock has lost -0.43%. International Paper Co shares have risen nearly 58.53% since the year began. Nevertheless, the stocks have risen 73.19% over the past one year. While a 52-week high of $59.52 was reached on 11/06/24, a 52-week low of $31.76 was recorded on 02/06/24. SMA at 50 days reached $49.78, while 200 days put it at $43.10.
Levels Of Support And Resistance For IP Stock
The 24-hour chart illustrates a support level at 56.74, which if violated will result in even more drops to 56.16. On the upside, there is a resistance level at 57.73. A further resistance level may holdings at 58.14. The Relative Strength Index (RSI) on the 14-day chart is 70.95, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.01%. Stochastics %K at 83.35% indicates the stock is a selling.
How much short interest is there in International Paper Co?
A steep rise in short interest was recorded in International Paper Co stocks on 2024-10-31, growing by 4.3 million shares to a total of 44.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 39.95 million shares. There was a rise of 9.72%, which implies that there is a positive sentiment for the stock.
