International Paper stock falls 1.31% and outperforms some rivals
Updated
Updated · MarketWatch · May 7
International Paper stock falls 1.31% and outperforms some rivals
7 articles · Updated · MarketWatch · May 7
The shares closed at $33.08 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow Jones Industrial Average lost 0.63% to 49,596.97.
The decline ended a two-day winning streak, though International Paper still did better than Weyerhaeuser, whose shares dropped 1.41% to $23.70.
International Paper finished 41.07% below its 52-week high of $56.13 reached on 29 July, while trading volume of 6.4 million was below its 50-day average of 7.2 million.
Can International Paper's plan to split into two companies unlock its deeply undervalued stock price amid global turmoil?
With negative earnings but a high valuation estimate, is International Paper a value opportunity or a classic investor trap?
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