Paper Products

MeadWestvaco Corporation (NYSE: MWV) today announced it has signed a definitive agreement to sell its global media and entertainment packaging business to Atlas Holdings LLC, which owns a family of companies that span multiple industries including consumer packaging, steel, pulp and paper, for $68...

Shares of Wausau Paper Corp. (NYSE: WPP) are higher on the session by 5.32%, currently trading at $7.13. The stock has been moving largely lower over the past six months, off from a recent high near $10.00. The stock recently bounced off of the $6.00-6.10 support level. Options traders are picking...

For Immediate Release Chicago, IL –September 1, 2010 – Zacks Equity Research highlights: AutoNation (AN) as the Bull of the Day and BJ's Wholesale Club (BJ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on International Paper (IP), Berkshire Hathaway (BRK.B) and Winn-...

In June, home prices continued to rebound, but unevenly across the country. The Case-Schiller Composite 10 City index (C-10) rose 0.32% on a seasonally adjusted basis, and is up 5.02% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) rose by 0.28% on the...

Neenah Paper Inc.’s (NP) share price has entered into oversold territory with a stochastic value of 17.22. Analysts have been increasing their estimates on the company’s earnings for 2010, sending the Zacks Consensus Estimate up a penny over the past month to $1.39 per share. Neenah Paper is a...

Weyerhaeuser Co. (WY) announced that it will be issuing approximately 324 million shares as part of its dividend payment to shareholders of record as of July 22. The distribution, based on an average closing price of $15.54 as of August 24, 25 and 26, will increase the company’s share outstanding...

Weyerhaeuser Co. (WY) on September 1, 2010, will be paying its special dividend worth $5.6 billion, with cash payments restricted to 10% or $560 million. Shareholders of record as on July 22 were given options for stock or cash payments.   Of the eligible shareholders, roughly 66% holding 138.9...

Materials stocks are noticeably weak today. This is directly the result of the weaker-than-expected durable goods and new home sales reports today. Steel names are especially weak with U.S. Steel (NYSE: X) down 2.57% and AK Steel (NYSE: AKS) down 2.11%. International Paper (NYSE: IP) is lower by 3....

Suntrust just issued a “big call” on Schweitzer-Mauduit International (NYSE: SWM); they said that they have just learned that “the EU governing body officially voted on and passed LIP (fire-safe) cigarette standards on August 17th.” The analysts reiterated their Buy rating on the stock. Schweitzer...

Below are the top paper and paper product stocks on the NYSE and the NASDAQ in terms of market capitalization. International Paper Company (NYSE: IP) has a market capitalization of $8.98 billion. Analysts at Longbow upgraded IP from “neutral” to “buy.” Fibria Celulose SA (NYSE: FBR) has a market...

Acme Packet (NASDAQ: APKT) has been a very strong stock in 2010, gaining 189%. During today's session, the shares have added another 0.47% to $31.83. The company now has a market cap of $1.98 billion. The shares trade at a trailing P/E of 67.19, a forward P/E of 35.28, and a PEG ratio of 1.64....

Goldman Sachs has a Buy rating on shares of International Paper Company (NYSE: IP) on stronger than expected paper prices. In a note to clients, Goldman Sachs writes, "We view the $40 containerboard price increase as a positive, as producers realized the majority of the announced $60 increase...

• JM Smucker (NYSE: SJM) reported better-than-expected fiscal first quarter earnings of $1.04 up from estimates of 96 cents, as revenues slightly missed projections at $1.05 billion off estimates of $1.07 billion • Goldman Sachs (NYSE: GS) raised Republic Services (NYSE: RSG) to "buy" from "neutral...

Second Quarter Results On August 13, 2010, Redpoint Bio (RPBC) reported financial results for the second quarter ended June 30, 2010. Total revenues for the second quarter were $0.5 million, which related to the upfront licensing payment from International Flavors & Fragrances Inc. (IFF) for...

Shares of International Paper Co. (NYSE: IP) are lower on the session by 1.33%, currently trading at $21.58. The stock has been moving largely lower over the past six months, but is now nearing historical support at $21.05. One options trader believes that the support level will hold, or at least...