Intl Paper's most recent trend suggests a bullish bias. One trading opportunity on Intl Paper is a Bull Put Spread using a strike $30.00 short put and a strike $25.00 long put offers a potential 8.93% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $30.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $25.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Intl Paper is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Intl Paper is bearish.
The RSI indicator is at 43.17 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Intl Paper
IP sells Brazilian industrial packaging business for $65M
Mon, 30 Mar 2020 15:51:23 +0000
In fall 2018, as International Paper Co. undertook a strategic options review of its Brazilian industrial packaging business, CEO Mark Sutton told MBJ the process “might not involve an outright sale.” On March 29, Memphis-based International Paper (IP) announced it would sell its Brazilian corrugated packaging business to Klabin S.A. — a Brazil-based paper producer — for 330 million reais (the Brazilian currency), which equals about $65 million U.S. dollars at the current exchange rate. The business includes three container board mills and four box plants, and the deal is expected to close in the second half of 2020.
International Paper to Divest Brazilian Packaging Business
Mon, 30 Mar 2020 14:36:02 +0000
International Paper's (IP) latest divestiture move is in line with its previously-announced strategic review of the packaging business in Brazil.
International Paper Reaches Agreement to Sell Its Brazilian Corrugated Packaging Business
Mon, 30 Mar 2020 00:00:00 +0000
International Paper (NYSE: IP) has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330 million, with R$280 million to be paid at closing and R$50 million one year thereafter, subject to certain adjustments. This business includes three containerboard mills and four box plants. This agreement follows International Paper's previously announced strategic review of the Brazil packaging business.
IP, local companies open new credit lines in wake of COVID
Fri, 27 Mar 2020 19:28:33 +0000
International Paper just opened a $750 million credit line. And, AutoZone is considering doing the same.
Market plummet slashes exec wealth, poses wider ramifications in Memphis
Wed, 18 Mar 2020 20:06:25 +0000
As the pandemic prowls on, public company executives' stock value has stumbled. Here's what the CEOs and CFOs of three of Memphis' biggest public companies lost in stock value in recent months — and why that matters beyond their personal bottom line.
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