Short Interest Trends: Short interest in materials stocks within the S&P 500 increased to 3.71% at the end of November, up from 3.13% in October, with International Paper being the most shorted stock at 10.24% of its float.
Sector Performance: The S&P 500 Materials sector has risen 7.25% year-to-date, lagging behind the overall S&P 500 index, which has gained 17.33% during the same period.
Company-Specific Challenges: International Paper faces challenges in its European business integration and weaker-than-expected box shipment volumes in the U.S., impacting its cash flows.
Industry Insights: Containers & packaging is the most shorted industry at 5.29%, while construction materials have the least short interest at 3.31%, indicating varying investor sentiment across sub-sectors.
Wall Street analysts forecast XLB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast XLB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
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0 Sell
Current: 49.240
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Current: 49.240
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
