JOHNSON JOIA M, an insider at Sylvamo Corp (SLVM), purchased 872 shares of the company on October 16, 2025, at a price of $42.00 per share, totaling approximately $37,000. Following this transaction, JOIA M now holds 872 shares of Sylvamo Corp.
This transaction comes as Sylvamo, a paper company headquartered in Memphis, Tennessee, operates within the Paper & Forest industry and has a market capitalization of $1.8 billion. The company, which went public on September 14, 2021, manufactures uncoated freesheet for various paper products and employs around 6,500 full-time staff. Its operations span North America, Latin America, and Europe, with significant holdings in certified eucalyptus forestlands in Brazil.
Insider buying can signal confidence in a company's future, as executives typically have access to non-public information regarding their operations. However, it's crucial for investors to consider insider transactions alongside broader market trends and other fundamental indicators, rather than relying solely on isolated transactions.
Sylvamo is set to announce its upcoming earnings, with estimates of $1.33 EPS and $801.8 million in revenue for August 6, 2026, following an earlier forecast of $1.05 EPS and $821.9 million in revenue for May 7, 2026.