Primo Brands Corp’s filing revealed that its Director Lee Tony W unloaded Company’s shares for reported $1.53 billion on Mar 12 ’25. In the deal valued at $29.50 per share,51,750,000 shares were sold. As a result of this transaction, Lee Tony W now holds 166,868,368 shares worth roughly $5.89 billion.
Then, ORCP III DE TopCo GP, LLC sold 51,750,000 shares, generating $1,526,625,000 in total proceeds. Upon selling the shares at $29.50, the 10% Owner now owns 166,868,368 shares.
BMO Capital Markets initiated its Primo Brands Corp [PRMB] rating to an Outperform in a research note published on January 06, 2025; the price target was $40.
Price Performance Review of PRMB
On Friday, Primo Brands Corp [NYSE:PRMB] saw its stock jump 2.47% to $35.30. Over the last five days, the stock has gained 9.32%. Primo Brands Corp shares have risen nearly 14.72% since the year began. Nevertheless, the stocks have risen 100.87% over the past one year. While a 52-week high of $35.25 was reached on 03/28/25, a 52-week low of $16.74 was recorded on 03/10/25. SMA at 50 days reached $32.86, while 200 days put it at $27.20.
Levels Of Support And Resistance For PRMB Stock
The 24-hour chart illustrates a support level at 34.56, which if violated will result in even more drops to 33.83. On the upside, there is a resistance level at 35.71. A further resistance level may holdings at 36.13. The Relative Strength Index (RSI) on the 14-day chart is 68.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.64%. Stochastics %K at 98.06% indicates the stock is a selling.
How much short interest is there in Primo Brands Corp?
A steep rise in short interest was recorded in Primo Brands Corp stocks on 2025-03-14, growing by 4.08 million shares to a total of 10.54 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 6.46 million shares. There was a rise of 38.72%, which implies that there is a positive sentiment for the stock.
