International Paper Company (IP) : Traders are bullish on International Paper Company (IP) as it has outperformed the S&P 500 by a wide margin of 3.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.8%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.36% in the last 1 week, and is up 8.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.51% and the 50-Day Moving Average is 8.07%.
International Paper Company (NYSE:IP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.41 and $44.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.47, notching a gain of 3.22% for the day. The total traded volume was 5,390,989 . The stock had closed at $44.05 on the previous day.
The company Insiders own 0.64% of International Paper Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.1% . Institutional Investors own 85.47% of International Paper Company shares. During last six month period, the net percent change held by insiders has seen a change of -9.67%. In a related news, The Securities and Exchange Commission has divulged that Landau Glenn R, officer (SVP & Pres., IP Latin America) of International Paper Co /New/, had unloaded 10,000 shares at an average price of $43.28 in a transaction dated on June 10, 2016. The total value of the transaction was worth $432,800.
International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging. Industrial Packaging segments products include linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft. Printing Papers segment products include uncoated papers, which engage in the business of producing papers for use in copiers, desktop and laser printers and pulp, which manufactures printing, writing and specialty papers, tissue products and filtration products. Consumer Packagings coated paperboard business produces coated paperboard for packaging and commercial printing end uses. Its foodservice business produces cups, lids, food containers and plates. Its brands include Hammermill, Springhill, Accent, Ballet, Rey, Pol, Everest, Fortress and Carolina.