International Paper Company (IP) : Net money flow in International Paper Company (IP) was negative ($1 million) and the inflow of money on uptick was $7.11 million, whereas, the outflow of money on downticks amounted to $8.12 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.88. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.98 million. The money flow in block trades was negative ($0.98). International Paper Company (IP) gained $0.05 cent during the day and reached $48.95, a gain of 0.1% over the previous day.
Also, Deutsche Bank maintains its view on International Paper Company (NYSE:IP) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $40 per share to $42 per share on International Paper Company. The rating by the firm was issued on August 10, 2016.
Shares of International Paper Company rose by 4.32% in the last five trading days and 8.69% for the last 4 weeks. International Paper Company is up 17.44% in the last 3-month period. Year-to-Date the stock performance stands at 34.29%.
International Paper Company (NYSE:IP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.90 and $48.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.99, notching a gain of 0.18% for the day. The total traded volume was 2,474,020 . The stock had closed at $48.90 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & CFO) of International Paper Co /New/, Roberts Carol L had sold 12,256 shares worth of $566,227 in a transaction dated August 8, 2016. In this transaction, 12,256 shares were sold at $46.2 per share.
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.