Large Outflow of Money Witnessed in International Paper Company

Shares of International Paper Company (NYSE:IP) traded 0.16 points or 0.38% higher at $41.89.The total intraday money flow for the shares came in at a disappointing $(-8.11) million. The total upticks amounted to $9.23 million and the total downticks were approximately $17.34 million, with the up/down ratio of 0.53. On a different note, the shares have seen -2.99% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $9.06 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-9.06) million.

International Paper Company has dropped 2.83% in the last five trading days, however, the shares have posted positive gains of 5.26% in the last 4 weeks. International Paper Company is up 3.59% in the last 3-month period. Year-to-Date the stock performance stands at 13.94%.

Currently 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 -4.94% . Institutional Investors own 85.52% of International Paper Company shares. During last six month period, the net percent change held by insiders has seen a change of -9.65%. . On the companys insider trading activities, 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 (NYSE:IP) rose 0.55% or 0.23 points on Friday and made its way into the gainers of the day. After trading began at $41.72 the stock was seen hitting $42.04 as a peak level and $41.45 as the lowest level. The stock ended up at $41.96. The daily volume was measured at 2,809,456 shares. The 52-week high of the share price is $51.82 and the 52-week low is $32.5. The company has a market cap of $17,253 million.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.