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 $1.91 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 $1.94 million.
A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in mid November from “a Neutral” to “an Underperform”. Argus also remained covering IP and has increased its forecast on August 14, 2024 with a “Buy” recommendation from previously “Hold” rating. Stifel started covering the stock on July 09, 2024. It rated IP as “a Hold”.
Price Performance Review of IP
On Tuesday, International Paper Co [NYSE:IP] saw its stock fall -7.25% to $51.30. Over the last five days, the stock has lost -7.23%. International Paper Co shares have fallen nearly -4.68% since the year began. Nevertheless, the stocks have risen 45.08% over the past one year. While a 52-week high of $60.36 was reached on 01/24/25, a 52-week low of $33.16 was recorded on 03/04/25. SMA at 50 days reached $55.54, while 200 days put it at $50.39.
Levels Of Support And Resistance For IP Stock
The 24-hour chart illustrates a support level at 49.93, which if violated will result in even more drops to 48.56. On the upside, there is a resistance level at 53.92. A further resistance level may holdings at 56.54. The Relative Strength Index (RSI) on the 14-day chart is 31.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.12%. Stochastics %K at 33.62% indicates the stock is a holding.
