International Paper Co ( (IP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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International Paper shares came under pressure after a surprise drop in U.S. containerboard and linerboard prices, driven by weak demand, aggressive discounting, and a rise in European imports, according to industry source RISI. JPMorgan said this unexpected price decline is a negative development for the company and could weigh on its earnings outlook and valuation.
More about International Paper Co
YTD Price Performance: 18.96%
Average Trading Volume: 6,223,574
Technical Sentiment Signal: Strong Buy
Current Market Cap: $25.6B
For further insights into IP stock on TipRanks’ Stock Analysis page.
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