CLW Stock Summary and Trading Ideas (Clearwater Paper | NYSE:CLW)

Clearwater Paper Corp is engaged in the manufacturing and selling of private label tissue, paperboard, and pulp-based products. The company has two reportable segments namely the consumer products segment which manufactures and sells a complete line of at-home tissue products as well as AFH products. The pulp and paperboard segment manufactures and markets bleached paperboard for the high-end segment of the packaging industry as well as offers services that include custom sheeting, slitting and cutting of paperboard. It generates maximum revenue from Pulp and Paperboard segment. Geographically, it derives maximum revenue from the United States.

Clearwater Paper trades on the NYSE stock market under the symbol CLW.

As of April 19, 2024, CLW stock price climbed to $40.03 with 114,942 million shares trading.

CLW has a beta of 0.38, meaning it tends to be less sensitive to market movements. CLW has a correlation of 0.02 to the broad based SPY ETF.

CLW has a market cap of $659.85 million. This is considered a Small Cap stock.

Last quarter Clearwater Paper reported $513 million in Revenue and $1.35 earnings per share. This beat revenue expectation by $16 million and missed earnings estimates by -$.07.

In the last 3 years, CLW stock traded as high as $46.48 and as low as $25.07.

The top ETF exchange traded funds that CLW belongs to (by Net Assets): IJR, CALF, VTI, IWM, AVUV.

CLW has outperformed the market in the last year with a return of +22.4%, while the SPY ETF gained +21.2%. In the last 3 month period, CLW beat the market returning +17.3%, while SPY returned +4.3%. However, in the most recent 2 weeks CLW has underperformed the stock market by returning -5.1%, while SPY returned -3.5%.

CLW support price is $38.72 and resistance is $39.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLW stock will trade within this expected range on the day.