The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Primo Brands Corp shares valued at $1,526,625,000 were sold by Lee Tony W on Mar 12 ’25. At $29.50 per share, Lee Tony W sold 51,750,000 shares. The insider’s holdings dropped to 166,868,368 shares worth approximately $5.23 billion following the completion of this transaction.
Also, ORCP III DE TopCo GP, LLC sold 51,750,000 shares, netting a total of over 1,526,625,000 in proceeds. Following the sale of shares at $29.50 each, the insider now holds 166,868,368 shares.
As published in their initiating research note from BMO Capital Markets on January 06, 2025, Primo Brands Corp [PRMB] has been an Outperform and the price target has been revised to $40.
Analyzing PRMB Stock Performance
During the last five days, there has been a drop of approximately -4.89%. Over the course of the year, Primo Brands Corp shares have jumped approximately 1.79%. Shares of the company reached a 52-week high of $35.25 on 02/24/25 and a 52-week low of $29.71 on 03/10/25. A 50-day SMA is recorded $32.46, while a 200-day SMA reached $26.59.
Support And Resistance Levels for Primo Brands Corp (PRMB)
According to the 24-hour chart, there is a support level at 30.66, which, if violated, would cause prices to drop to 29.99. In the upper region, resistance lies at 31.78. The next price resistance is at 32.23. RSI (Relative Strength Index) is 41.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.25, which suggests the price will decrease in the coming days. Percent R is at 70.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
