Clearwater Stock Falls On Unusually High Volume (CLW)
NEW YORK (TheStreet) -- Clearwater Paper (NYSE:CLW) is trading at unusually high volume Thursday with 915,037 shares changing hands. It is currently at four times its average daily volume and trading down $2.08 (-5.7%) at $34.58 as of 12:19 p.m. ET. Clearwater has a market cap of $829.6 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 6.4% year to date as of the close of trading on Wednesday. Clearwater Paper Corporation engages in the manufacture and sale of pulp-based products in the United States and internationally. The company operates in two segments, Consumer Products, and Pulp and Paperboard. The company has a P/E ratio of 11.8, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Clearwater as a hold. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins. You can view the full Clearwater Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
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