Mar. 13 at 6:56 PM
Shares of International Paper rose after board member Anders Gustafsson purchased company shares in transactions disclosed to the U.S. Securities and Exchange Commission.
Gustafsson bought 26,092 shares between Wednesday and Thursday for roughly
$1 million, signaling insider confidence in the company. The purchases come after International Paper’s stock dropped about 27% over the past month, suggesting the director may view the recent decline as a buying opportunity.
$IP