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Why Shares of International Paper Dropped 24% in the First Half of 2020

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%.