An insider with International Paper Co (NYSE:IP) executed a transaction today, August 27th, that saw them lower their holdings with the corporation. Senior Vice President, General Counsel, and Corporate Secretary Sharon R. Ryan sold 2,000 shares of common stock at average prices ranging from $47.22 to $47.87 per share. Following this transaction, Ryan holds a total of 137,576 shares in the company directly. As well, International Paper Co (NYSE:IP) is a $20.44 billion market cap powerhouse that is a global paper and packaging company, with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.
In addition, the largest outside involvement in the paper company comes from Billionaire D. E. Shaw‘s D E Shaw hedge fund, which reported a 7% increase in its activity over the course of the last fiscal quarter. Following this movement, the fund now holds about 3.4 million shares worth nearly $172 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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