International Paper Company Trading Volume Drops 47.28% to 311th Position

Generated by AI AgentAinvest Market Brief
Thursday, Mar 27, 2025 8:00 pm ET1min read
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On March 27, 2025, International Paper CompanyIP-- (IP) saw a trading volume of $262 million, marking a 47.28% decrease from the previous day. This placed the company at the 311th position in terms of trading volume for the day. The stock price of International Paper Company (IP) fell by 1.46%, marking the second consecutive day of decline, with a total decrease of 2.95% over the past two days.

International Paper Company (IP) recently held an investor day event, during which it updated its financial targets. This event led to a significant increase in the company's stock price, reflecting investor optimism about its future prospects. The company's acquisition of DS Smith has been a transformative move, contributing to a strong year with shares up nearly 38%.

Royal Bank of Canada reiterated an "outperform" rating on International Paper Company (IP) shares, setting a target price of $64.00. This rating reflects the bank's confidence in the company's future performance and its potential for growth. Sei Investments Co. also increased its holdings in International Paper by 9.4% during the fourth quarter, indicating a strong belief in the company's prospects.

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