Primo Brands Corp’s recently made public 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 $5.6 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.
A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. BMO Capital Markets began covering PRMB with “an Outperform” recommendation on January 06, 2025.
Price Performance Review of PRMB
On Thursday, Primo Brands Corp [NYSE:PRMB] saw its stock jump 1.39% to $33.55. Over the last five days, the stock has gained 0.24%. Primo Brands Corp shares have risen nearly 9.03% since the year began. Nevertheless, the stocks have risen 97.33% over the past one year. While a 52-week high of $35.85 was reached on 03/31/25, a 52-week low of $17.05 was recorded on 03/10/25. SMA at 50 days reached $33.20, while 200 days put it at $28.03.
Levels Of Support And Resistance For PRMB Stock
The 24-hour chart illustrates a support level at 33.14, which if violated will result in even more drops to 32.72. On the upside, there is a resistance level at 33.91. A further resistance level may holdings at 34.26. The Relative Strength Index (RSI) on the 14-day chart is 50.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.92%. Stochastics %K at 46.87% indicates the stock is a holding.
How much short interest is there in Primo Brands Corp?
A steep rise in short interest was recorded in Primo Brands Corp stocks on 2025-03-31, growing by 5.94 million shares to a total of 12.95 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 7.01 million shares. There was a rise of 45.89%, which implies that there is a positive sentiment for the stock.
