Washington-based paper products manufacturer, Clearwater Paper Corporation (CLW), is trading 10% higher on Wednesday. The company is yet to publish any corporate-specific news to fuel the stock.
One of the leading investors in the company, George Baxter's Sabrepoint Capital, has marked the company as one of its top 10 picks. The shares are now trading at their six-month-high after recovering from a six-day slump last week.
The shares are currently trading hands at $40.04, up $3.77 or 10.39% from their previous close at $36.27. The stock opened at $38.03 in the morning. In the 52-week period, the shares have ranged between $27.30 and $45.81 per share.
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