International Paper stock rallies 5.21% and outperforms competitors
Updated
Updated · MarketWatch · May 6
International Paper stock rallies 5.21% and outperforms competitors
9 articles · Updated · MarketWatch · May 6
Shares closed at $33.52 on Wednesday, extending gains for a second straight session as the S&P 500 rose 1.46% and the Dow added 1.24%.
International Paper outpaced Weyerhaeuser, whose shares rose 1.43% to $24.04, while trading volume reached 9.5 million shares, above its 50-day average of 7.1 million.
Despite the rally, the stock remains 40.28% below its 52-week high of $56.13, reached on 29 July.
International Paper is radically transforming. Is this a brilliant turnaround or a classic value trap for investors?
Can IP's risky strategy of buying rivals and splitting the company conquer the sustainable packaging market?