Why Clarus Corp. Stock Was Up on Thursday
Clarus Corp. (NASDAQ: CLAR) shareholders beat the market in early trading on Thursday. The outdoor equipment maker's stock was up 7% by 11:15 a.m. ET, compared to a 1% decline in the S&P 500. This rally may have been sparked by a statement by the management team indicating that Clarus is prepared to fight off a recent move by an activist investor to acquire more of its shares.