International Paper Co. (NYSE:IP) shares, rose in value, with the stock price up by 0.06% to the previous day’s close as strong demand from buyers drove the stock to $34.43.
Actively observing the price movement in the last trading, the stock closed the session at $34.41. The PE ratio was 40.11 over 12-month period. Referring to stock’s 52-week performance, its high was $41.28, and the low was $29.00. On the whole, IP has fluctuated by -15.72% over the past month.
The company’s Forward Dividend Ratio is 1.85, with its dividend yield at 5.37%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.09, with the price of IP currently trading nearly -8.00% and -5.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.99, while the 7-day volatility ratio is showing 2.39% which for the 30-day chart, stands at 2.94%. Furthermore, International Paper Co. (IP)’s beta value is 1.01, and its average true range (ATR) is 1.03.
A comparison of International Paper Co. (IP) with its peers suggests the former has fared considerably weaker in the market. IP showed an intraday change of 0.06% in last session, and over the past year, it shrunk by -5.36%%.
Data on historical trading for International Paper Co. (NYSE:IP) indicates that the trading volumes over the past 3 months, they’ve averaged 5.34 million. According to company’s latest data on outstanding shares, there are 346.04 million shares outstanding.
Nearly 1.34% of International Paper Co.’s shares belong to company insiders and institutional investors own 95.75% of the company’s shares. The stock has fallen by -4.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IP stock heading into the next quarter.
