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Updated · MarketWatch · Apr 28International Paper Co. stock rises 4.20 percent, outperforming competitors
8 articles · Updated · MarketWatch · Apr 28
- Shares closed at $34.02 on Tuesday, with trading volume reaching 8.2 million, above the 50-day average of 6.6 million.
- The stock's gain came despite a broader market decline, as the S&P 500 fell 0.49% and the Dow Jones slipped 0.05%.
- International Paper remains 39.39% below its 52-week high of $56.13 set on July 29, while competitor Weyerhaeuser Co. dropped 0.80%.
Is International Paper a deep value play or a falling knife amid its massive corporate overhaul? Can IP's acquisition spree and corporate split reverse its stock's sharp year-to-date decline? As packaging demand booms, why is industry giant International Paper closing mills and cutting jobs? Why are IP insiders buying millions in stock as analysts scream 'sell' and the price tumbles? If IP's intrinsic value is over $110, what is the market seeing that valuation models are missing?