Director Christopher M. Connor buys $1 million of International Paper Co /New/ (IP)

Christopher M. Connor, director of International Paper Co /New/, bought 25,000 shares on the open market on January 30, 2026 at an average of $40.37 a share, for a total of $1 million. The purchase was reported to the SEC on Form 4 on February 2, 2026.

It is a new position: the filing shows no shares held directly before this purchase.

The purchase came after a fall: International Paper Co /New/ stock was down 12% over the 13 weeks before.

1 other insider also bought at least $10,000 of IP within 30 days, which makes this a cluster buy.

In the 12 months up to this filing, International Paper Co /New/ insiders reported 2 open-market purchases and 0 sales.

WallStPal Score: 60 out of 100, because of a brand-new position; a large purchase; 1 other insider also bought; the stock had fallen 12% in the 13 weeks before.

What happened next: after 1 month the stock was up 16.1% (16.1 points better than the S&P 500); after 3 months the stock was down 12.2% (15.8 points worse than the S&P 500); after 6 months the stock was up 4.4% (2.8 points worse than the S&P 500). Based on weekly prices from the week of the purchase.

Our read

The first open-market purchase by Christopher M. Connor in our records. It is worth reading next to the company's own results and news before drawing conclusions.

Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.

Examples

Big insider purchases have made news before. In January 2016, with bank stocks falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million of his own money, and the purchase was widely reported as a sign of confidence.

Explain it like I'm 13

Christopher M. Connor helps run International Paper Co /New/. Spending $1 million of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.

More: all IP insider trades · Christopher M. Connor's track record