International Paper (NYSE:IP) Director Acquires $499,999.11 in Stock

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International Paper (NYSE:IP) Director Anders Gustafsson recently purchased 13,217 shares of the company’s stock for $499,999.11, increasing his total holdings to 26,092 shares, valued at approximately $987,060. This acquisition follows an earlier purchase of 12,875 shares on March 11th. Despite this insider buying, the stock traded down 8.1% to $35.52 after the company reported quarterly EPS of ($0.08), missing analyst expectations, though revenue rose to $6.01 billion.

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