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Updated · MarketWatch · Apr 30International Paper stock slips 9.41%
9 articles · Updated · MarketWatch · Apr 30
- Shares closed at $30.42 on Thursday, extending losses to a second straight day despite gains in broader US markets.
- The stock finished 45.80% below its 52-week high of $56.13 reached on 29 July and lagged peer Weyerhaeuser, whose shares rose 1.11% to $24.52.
- Trading volume reached 18.0 million shares, well above its 50-day average of 6.7 million, as the S&P 500 rose 1.02% and the Dow gained 1.62%.
With its stock plunging after poor results, why are International Paper's top executives buying millions in shares? Will International Paper's plan to split into two companies unlock massive value or just double the risk for investors?