Clearwater Paper Corporation (CLW) saw a big move last session, as the company’s shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CLW, as the stock is up nearly 5.2% from Aug 15 to Sep 11.
The consumer goods stock has seen a flat record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CLW currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the consumer goods sector include Mercer International Inc. (MERC), Neenah Paper, Inc. (NP) and Sappi Limited (SPPJY)). All these stocks hold a Zacks Rank #1 (Strong Buy).
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