Here’s why Domtar Corp is up today

Domtar Corp (UFS) is trading at $41.37 as of 3:07 PM on Thursday, Jan 10, a rise of $3.93, or 10.5% from the previous closing price of $37.44. The stock has traded between $37.34 and $41.55 so far today. Volume today is high. So far 1,651,831 shares have traded compared to average volume of 808,081 shares.

Domtar Corp spiked sharply this afternoon following news that competitor Georgia-Pacific will be leaving the communication paper industry, and will be permanently shutting down a large portion of its paper and pulp mill in Port Hudson, Louisiana after re-assessing demand for office and copy paper

Meanwhile, the major indices are up. The Dow Jones Industrial Average is up 0.22% to 23,932.26. The NASDAQ is up 0.18% to 6,969.56. The S&P 500 is higher by 0.09% to 2,587.32.

Stock Score Report, InvestorsObserver’s proprietary scoring system gives UFS a score of 51 out of a possible 100. That score is based on three component scores. A fundamental score of 56, a long-term technical score of 28 and a short-term technical score of 68. Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

Symbols: UFS

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