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 $35,034 were sold by SULLIVAN KATHRYN D on Nov 29 ’24. At $58.39 per share, SULLIVAN KATHRYN D sold 600 shares. The insider’s holdings dropped to 37,145 shares worth approximately $2.16 million following the completion of this transaction.
Also, SULLIVAN KATHRYN D purchased 600 shares, netting a total of over 35,034 in proceeds.
Before that, SULLIVAN KATHRYN D had sold 600 shares from its account. In a trade valued at $33,714, the Director traded International Paper Co shares for $56.19 each. Upon closing the transaction, the insider’s holdings decreased to 600 shares, worth approximately $2.2 million.
As published in a research note from Exane BNP Paribas on November 13, 2024, International Paper Co [IP] has been rated down from a Neutral to an Underperform and the price target has been revised to $48.20. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of July 09, 2024, Stifel has initiated its “Hold” rating for IP. Earlier on June 28, 2024, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for IP stock which previously was a “a Neutral”.
Analyzing IP Stock Performance
During the last five days, there has been a surge of approximately 5.00%. Over the course of the year, International Paper Co shares have jumped approximately 8.12%. Shares of the company reached a 52-week high of $58.50 on 01/21/25 and a 52-week low of $52.68 on 01/03/25. A 50-day SMA is recorded $56.21, while a 200-day SMA reached $47.67. Nevertheless, trading volume fell to 5.06 million shares from 4.75 million shares the previous day.
Support And Resistance Levels for International Paper Co (IP)
According to the 24-hour chart, there is a support level at 57.87, which, if violated, would cause prices to drop to 57.55. In the upper region, resistance lies at 58.47. The next price resistance is at 58.74. RSI (Relative Strength Index) is 66.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.83, which suggests the price will increase in the coming days. Percent R is at 5.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
