International Paper Co /new/ (IP): Timothy S Nicholls , Senior Vice President of International Paper Co /new/ sold 13,000 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $42.71 per share for a total value of $555,159.81 , 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 16, 2016, Thomas G Kadien (Senior Vice President) sold 15,000 shares at $41.94 per share price.On May 13, 2016, W. Michael Jr. Amick (SVP-NA Papers Pulp & Con Pkg) sold 3,216 shares at $42.88 per share price.Also, On Mar 16, 2016, Tommy S Joseph (Senior Vice President) sold 12,000 shares at $39.67 per share price.On Mar 15, 2016, Sharon R. Ryan (SVP, GC and Corp Secretary) sold 25,730 shares at $40.26 per share price.
International Paper Co: On Friday, Jun 3, 2016 heightened volatility was witnessed in International Paper Co which led to swings in the share price. The shares opened for trading at $42.9 and hit $42.98 on the upside , eventually ending the session at $42.93, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 28,68,428 shares. The 52-week high of the share price is $51.82 and the company has a market cap of $17,652 M . The 52-week low of the share price is at $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.