The SVP-NA Papers Pulp & Con Pkg of International Paper Co (NYSE: IP) is Selling Shares

By Carrie Williams

Today, the SVP-NA Papers Pulp & Con Pkg of International Paper Co (NYSE: IP), Michael Amick, sold shares of IP for $532.7K.

In addition to Michael Amick, 11 other IP executives reported Sell trades in the last month. Following Michael Amick’s last IP Sell transaction on March 10, 2017, the stock climbed by 0.7%.

The company has a one year high of $58.86 and a one year low of $39.24. IP’s market cap is $21.17B and the company has a P/E ratio of 23.51. Currently, International Paper Co has an average volume of 29.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $55.80, reflecting a -8.0% downside. Three different firms, including Barclays and Dundee, currently also have a Sell rating on the stock.

The insider sentiment on International Paper Co has been negative according to 76 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Michael Amick’s trades have generated a 5.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

International Paper Co. engages in the manufacturing of paper and packaging products business. It operates through the following segments: Industrial Packaging, Printing Papers, and Consumer Packaging. The Industrial Packaging segment engages in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft. The Printing Papers segment engages in the manufacturing of printing and writing papers. It operates in two lines of business Uncoated and Coated papers and Market pulp and Uncoated Bristols. The Consumer Packaging segment manufactures solid bleached sulfate board. Its coated paperboard business produces coated paperboard for a variety of packaging and commercial printing end uses. The company was founded by Hugh J. Chisholm in 1898 and is headquartered in Memphis, TN.