International Paper Company (IP) : International Paper Company (IP) had a healthy money flow of $4.25 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $13.39 million, whereas, investors only sold shares worth $9.14 million on downticks. The stock closed the day with an up-down ratio of 1.46.The money flow in the block trades to the tune of $3.59 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $3.59 million worth of transactions were on upticks. International Paper Company (IP) stock slid $0.08 intraday and traded at 47.42, a change of -0.17% over previous days close. However, for the week, the company shares are -2.05% compared to previous weeks close.
International Paper Company has lost 0.78% in the last five trading days and dropped 1.62% in the last 4 weeks. International Paper Company is up 17.97% in the last 3-month period. Year-to-Date the stock performance stands at 31.88%.
International Paper Company (IP) : 4 brokerage houses believe that International Paper Company (IP) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on International Paper Company (IP). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.58.
International Paper Company (NYSE:IP): The stock opened at $47.63 and touched an intraday high of $48.14 on Wednesday. During the day, the stock corrected to an intraday low of $47.3, however, the bulls stepped in and pushed the price higher to close in the green at $48.11 with a gain of 1.28% for the day. The total traded volume for the day was 2,782,832. The stock had closed at $47.5 in the previous trading session.
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.