International Paper stock led gainers on the S&P 500 on Tuesday after the packaging maker outlined rosy growth projections at its annual investor day.

Shares of International Paper Co. rallied 6.49% to $56.26 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,776.65 and the Dow Jones Industrial Average rising 0.

With a market cap of $29.2 billion, International Paper Company (IP) is a global leader in renewable fiber-based packaging and pulp products. It operates through two main segments: Industrial Packaging and Global Cellulose Fibers,