International Paper Testing the 200 day (NYSE:IP)

by Josh International Paper Co. ($IP) is down -4.00% at $45.42 on a volume of 3,901,740 shares today. That volume puts International Paper on track to trade about double the average volume today.

Shares gapped down to the $46 support level and have continued to trade lower, finding temporary support at the 200 day moving average, currently at $44.78. Technicians will be watching the price action around the 200 day, a breakdown below the key moving average would likely create some additional selling pressure.

52 Week Range $32.95-$50.33 Market Cap 20,247,649,411 Average Volume 3,080,698 Dividend Yield 2.96% Institutional Ownership 90.00% Insider Ownership: 1.40% Percentage of Float Short 1.60% Beta 2.35

International Paper Co. International Paper Co. produces and distributes printing paper, packaging, forest products, and chemical products. The Company operates in four segments namely industrial packaging; printing papers; consumer packaging, and distribution.

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