Shares of International Paper Co. IP, -0.51% slumped 0.51% to $33.09 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.56% rising 1.56% to 4,415.24 and the Dow Jones Industrial Average DJIA, +1.15% rising 1.15% to 34,283.10.
This was the stock’s fifth consecutive day of losses.
International Paper Co. closed $8.80 below its 52-week high ($41.89), which the company achieved on January 31st.
The stock underperformed when compared to some of its competitors Friday, as Weyerhaeuser Co. WY, +1.34% rose 1.34% to $30.15.
Trading volume (3.2 M) eclipsed its 50-day average volume of 2.9 M.