International Paper Co /new/ (IP): Thomas G Kadien , Senior Vice President of International Paper Co /new/ sold 15,000 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $41.94 per share for a total value of $629,112.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, W. Michael Jr. Amick (SVP-NA Papers Pulp & Con Pkg) sold 3,216 shares at $42.88 per share price.On Mar 16, 2016, Tommy S Joseph (Senior Vice President) sold 12,000 shares at $39.67 per share price.Also, On Mar 15, 2016, Sharon R. Ryan (SVP, GC and Corp Secretary) sold 25,730 shares at $40.26 per share price.On Mar 1, 2016, Carleton C Ealy (Senior Vice President) sold 17,000 shares at $36.66 per share price.
Shares of International Paper Co (IP) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.63 points or -1.48% at $41.97 with 27,10,722 shares getting traded. Post opening the session at $42.51, the shares hit an intraday low of $41.89 and an intraday high of $42.65 and the price vacillated in this range throughout the day. The company has a market cap of $17,257 M and the number of outstanding shares has been calculated to be 41,11,74,340 shares. The 52-week high of International Paper Co is $54 and the 52-week low is $32.5.
Company has been under the radar of several Street Analysts.International Paper Co is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 3, 2016.International Paper Co is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $38 .The Rating was issued on May 2, 2016.International Paper Co is Downgraded by Credit Suisse to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 28, 2016.International Paper Co is Downgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $46. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 25, 2016.
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.