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 $5.33 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 Friday, Primo Brands Corp [NYSE:PRMB] saw its stock fall -1.18% to $31.94. Over the last five days, the stock has lost -3.36%. Primo Brands Corp shares have risen nearly 3.80% since the year began. Nevertheless, the stocks have risen 63.79% over the past one year. While a 52-week high of $35.85 was reached on 03/31/25, a 52-week low of $19.53 was recorded on 03/10/25. SMA at 50 days reached $32.96, while 200 days put it at $28.91.
Levels Of Support And Resistance For PRMB Stock
The 24-hour chart illustrates a support level at 31.47, which if violated will result in even more drops to 31.00. On the upside, there is a resistance level at 32.78. A further resistance level may holdings at 33.62. The Relative Strength Index (RSI) on the 14-day chart is 41.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.07%. Stochastics %K at 49.71% indicates the stock is a holding.
