International Paper Company (NYSE:IP), A increase of 995,293 shares or 9.5% was observed in the short interest of International Paper The interest on June 15,2016 came in at 11,459,621 shares and as per the average daily trading of 2,691,843 shares, the days to cover are 4. The increased interest is 2.8% of the floated shares. The data of May 31,2016 put the interest at 10,464,328 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
International Paper Company (NYSE:IP): The stock opened at $41.52 on Friday but the bulls could not build on the opening and the stock topped out at $42.38 for the day. The stock traded down to $41.25 during the day, due to lack of any buying support eventually closed down at $41.37 with a loss of -4.44% for the day. The stock had closed at $43.29 on the previous day. The total traded volume was 9,585,840 shares.
The company shares have dropped -13.27% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $49.49 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $42.20 and the 200 Day Moving Average price is recorded at $39.24.
International Paper Company (NYSE:IP) has tumbled 1.41% during the past week and has dropped 1.71% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.23% and the outperformance has advanced to 1.26% for the last 4 weeks period.
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.