Shares of International Paper Co. IP, -0.16% slid 0.16% to $37.47 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.19% rising 1.19% to 4,019.81 and the Dow Jones Industrial Average DJIA, +0.76% rising 0.76% to 33,629.56. International Paper Co. closed $12.76 below its 52-week high ($50.23), which the company achieved on April 21st.
The stock underperformed when compared to some of its competitors Monday, as Weyerhaeuser Co. WY, +1.03% rose 1.03% to $32.36. Trading volume (2.1 M) remained 1.0 million below its 50-day average volume of 3.1 M.