Clearwater Paper (CLW) Gets a Hold from RBC Capital
TipRanks (Mon, 22-Apr 9:45 PM ET)
Business Wire (Tue, 16-Apr 4:05 PM ET)
Clearwater Paper Reports Fourth Quarter and Year End 2023 Results; Strategic Update
Business Wire (Tue, 20-Feb 4:25 PM ET)
PRNewswire (Tue, 20-Feb 4:17 PM ET)
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 26, 2024, CLW stock price climbed to $40.23 with 89,536 million shares trading.
CLW has a beta of 0.36, 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 $663.15 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 stock has underperformed the market in the last year with a return of +13.0%, while SPY returned +26.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CLW shares. However, CLW has outperformed the market in the last 3 month and 2 week periods, returning +19.4% and -1.0%, while SPY returned +4.5% and -1.9%, respectively. This indicates CLW has been having a stronger performance recently.
CLW support price is $39.27 and resistance is $40.63 (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.