International Paper Co’s filing revealed that its Director SULLIVAN KATHRYN D unloaded Company’s shares for reported $35034.0 on Nov 29 ’24. In the deal valued at $58.39 per share,600 shares were sold. As a result of this transaction, SULLIVAN KATHRYN D now holds 37,145 shares worth roughly $1.99 million.
Then, SULLIVAN KATHRYN D bought 600 shares, generating $35,034 in total proceeds.
Before that, SULLIVAN KATHRYN D sold 600 shares. International Paper Co shares valued at $33,714 were divested by the Director at a price of $56.19 per share. As a result of the transaction, SULLIVAN KATHRYN D now holds 37,745 shares, worth roughly $2.02 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 Tuesday, International Paper Co [NYSE:IP] saw its stock jump 0.21% to $53.61. Over the last five days, the stock has lost -0.07%. International Paper Co shares have fallen nearly -0.39% since the year began. Nevertheless, the stocks have risen 43.84% over the past one year. While a 52-week high of $60.36 was reached on 01/02/25, a 52-week low of $32.70 was recorded on 01/03/25. SMA at 50 days reached $55.70, while 200 days put it at $46.92.
Levels Of Support And Resistance For IP Stock
The 24-hour chart illustrates a support level at 53.19, which if violated will result in even more drops to 52.76. On the upside, there is a resistance level at 53.91. A further resistance level may holdings at 54.20. The Relative Strength Index (RSI) on the 14-day chart is 41.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.71%. Stochastics %K at 19.64% 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 2024-12-13, dropping by -2.88 million shares to a total of 48.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 51.49 million shares. There was a decline of -5.92%, which implies that there is a negative sentiment for the stock.
