Several events surrounding International Paper (IP) are noteworthy. Goldman Sachs lowered its holdings, while Quarry LP and Northern Trust Corp boosted theirs. Public Employees Retirement Association of Colorado and First Trust Advisors LP sold their shares. Suzano prepared a $15B bid for IP and it was confirmed that they were interested in their assets. The company, after declaring its quarterly dividend twice, reported missed Q1 earnings attributed to lower prices and yet hit a 52-Week High. Amidst concerns over IP's usage of debt, they made a takeover offer for DS Smith, which led to an all-share deal trust agreement. The announcement of newly elected CEO led to stocks folding as well as spiking. IP published its 2023 sustainability report and was named one of the 2024 World's Most Ethical Companies. Despite negative financial prospects, analysts gave an average rating of 'Moderate Buy'. IP has been defending itself against cyberattacks, reflecting in the fluctuation of their stock prices.
International Paper IP News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Sun, 16 Jun 2024 20:43:41 GMT - Rating 5 - Innovation -2 - Information 4 - Rumor 0
