Shares of International Paper Company (NYSE:IP) traded at a new 52-week high today of $59.81. Approximately 468,000 shares have changed hands today, as compared to an average 30-day volume of 2.8 million shares.
In the past 52 weeks, shares of International Paper Company have traded between a low of $29.76 and a high of $59.81 and is now at $59.52, which is 100% above that low price.
International Paper manufactures packaging products and printing papers. It accounts for roughly one third of the North American corrugated packaging market and about 25% of the uncoated free sheet paper market. Though it has operations in Brazil, Russia, India, and China, more than three fourths of its sales come from North America.
Based on a current price of $59.52, International Paper Company is currently 4.1% above its average consensus analyst price target of $57.10.
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