International Paper Co’s recent filing unveils that its Director SULLIVAN KATHRYN D acquired Company’s shares for reported $35034.0 on Nov 29 ’24. In the deal valued at $58.39 per share,600 shares were bought.
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Then, SULLIVAN KATHRYN D sold 600 shares, generating $33,714 in total proceeds. Upon selling the shares at $56.19, the Director now owns 37,745 shares.
Before that, SULLIVAN KATHRYN D sold 600 shares. International Paper Co shares valued at $32,100 were divested by the Director at a price of $53.50 per share. As a result of the transaction, SULLIVAN KATHRYN D now holds 38,345 shares, worth roughly $2.26 million.
Exane BNP Paribas downgraded its International Paper Co [IP] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Buy”. Stifel began covering IP with “Hold” recommendation on July 09, 2024. Seaport Research Partners revised its rating on June 28, 2024. It rated IP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of IP
On Friday, International Paper Co [NYSE:IP] saw its stock jump 0.77% to $58.83. Over the last five days, the stock has lost -0.59%. International Paper Co shares have risen nearly 62.74% since the year began. Nevertheless, the stocks have risen 64.38% over the past one year. While a 52-week high of $60.36 was reached on 11/25/24, a 52-week low of $32.70 was recorded on 02/06/24. SMA at 50 days reached $52.19, while 200 days put it at $44.52.
Levels Of Support And Resistance For IP Stock
The 24-hour chart illustrates a support level at 58.20, which if violated will result in even more drops to 57.57. On the upside, there is a resistance level at 59.22. A further resistance level may holdings at 59.61. The Relative Strength Index (RSI) on the 14-day chart is 66.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.70%. Stochastics %K at 59.69% indicates the stock is a holding.
How much short interest is there in International Paper Co?
A steep rise in short interest was recorded in International Paper Co stocks on 2024-11-15, growing by 8.66 million shares to a total of 51.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 42.83 million shares. There was a rise of 16.83%, which implies that there is a positive sentiment for the stock.
