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Valued at a market cap of $20.4 billion, International Paper Company (IP) is a global leader in fiber-based packaging, pulp and paper products. The Memphis, Tennessee-based company is committed to sustainability, focusing on responsible forest management, efficient manufacturing, and reducing its environmental footprint.
This packaging company has significantly underperformed the broader market over the past 52 weeks. Shares of IP have declined 33.8% over this time frame, while the broader S&P 500 Index ($SPX) has surged 19.6%. Moreover, on a YTD basis, the stock is down 31.4%, compared to SPX’s 16.5% uptick.