Clearwater Paper Corp (NYSE:CLW)
May 2nd, 2019
Amidst falling markets Clearwater Paper Corp finished Thursday’s trading session down 9.77%, a ($1.95) decrease to close on $18.01. As well as the drop in value, Clearwater Paper Corp hit a new 52 week low of $17.19. Despite the drop in value, trading volumes were solid at 506.00% of normal which can indicate investor opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.31.
CLW was outperformed by the rest of the Materials sector which went down only -0.54%.
The market sectors were mixed Thursday with a majority of the sectors trending down. Healthcare saw the biggest increase of the day (0.47%), while Energy saw the biggest drop (-1.71%). Information Technology has seen the biggest year-to-date gain at 26.62%.
Healthcare saw the biggest turnaround from its 5-day performance of 2.13%, as it went up 0.47%. Utilities and Consumer Staples both saw turn arounds from their five day positive performance, Utilities with a drop of -0.28%.
- Healthcare went up with a 0.47% change.
- Financials went up with a 0.16% change.
- Real Estate went up with a 0.15% change.
- Consumer Discretionary went down with a -0.03% change.
- Consumer Staples went down with a -0.10% change.
- Industrials went down with a -0.13% change.
- Utilities went down with a -0.28% change.
- Communication Services went down with a -0.50% change.
- Information Technology went down with a -0.54% change.
- Materials went down with a -0.54% change.
- Energy went down with a -1.71% change.
Clearwater Paper Corp Info
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins. It sells its products to retailers and wholesale distributors, including grocery, drug, and discount stores, as well as mass merchants. The Pulp and Paperboard segment provides folding cartons, liquid packaging, cups, plates, blister and carded packaging, top sheet, and commercial printing items, as well as hardwood and softwood pulp. It also offers custom sheeting, slitting, and cutting services. The company is headquartered in Spokane, Washington.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Clearwater Paper Corp’s score is 1.31) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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