International Paper Co. stock falls Wednesday, underperforms market
Shares of International Paper Co.
IP,
slipped 0.69% to $48.93 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
SPX,
falling 0.26% to 4,688.67 and Dow Jones Industrial Average
DJIA,
falling 0.58% to 35,931.05. This was the stock’s second consecutive day of losses. International Paper Co. closed $12.87 below its 52-week high ($61.80), which the company reached on June 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Empresas CMPC S.A.
CMPC,
fell 1.10% to $1,350.00, Stora Enso Oyj ADR
SEOAY,
rose 0.06% to $16.99, and Packaging Corp. of America
PKG,
rose 0.02% to $134.59. Trading volume (2.3 M) remained 299,445 below its 50-day average volume of 2.6 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Read More: International Paper Co. stock falls Wednesday, underperforms market