Why Shares of International Paper Dropped 24% in the First Half of 2020
Climbing 14% higher in 2019, shares of International Paper (NYSE: IP) failed to keep pace with the S&P 500 which soared 29%. In 2020, investors are finding a similar dynamic. While the S&P 500 sank 4% lower through the first six months of the year, International Paper has fared much worse, falling 24%.
Besides a number of pessimistic takes on the stock from Wall Street, a weak Q1 earnings report and questions surrounding the remainder of 2020 left investors unmotivated to pick up shares.
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Source Fool.com
