Primo Brands Corp’s recent filing unveils that its Director Lee Tony W unloaded Company’s shares for reported $1.6 billion on May 12 ’25. In the deal valued at $31.67 per share,50,657,562 shares were sold. As a result of this transaction, Lee Tony W now holds 116,210,806 shares worth roughly $3.76 billion.
Then, ORCP III DE TopCo GP, LLC sold 50,657,562 shares, generating $1,604,324,989 in total proceeds. Upon selling the shares at $31.67, the 10% Owner now owns 116,210,806 shares.
Before that, Lee Tony W sold 51,750,000 shares. Primo Brands Corp shares valued at $1,526,625,000 were divested by the Director at a price of $29.50 per share. As a result of the transaction, Lee Tony W now holds 166,868,368 shares, worth roughly $5.39 billion.
Mizuho initiated its Primo Brands Corp [PRMB] rating to an Outperform in a research note published on May 12, 2025; the price target was $43. Truist began covering PRMB with “Buy” recommendation on April 04, 2025. BMO Capital Markets started covering the stock on January 06, 2025. It rated PRMB as “an Outperform”.
Price Performance Review of PRMB
On Friday, Primo Brands Corp [NYSE:PRMB] saw its stock jump 0.50% to $32.32. Over the last five days, the stock has gained 1.19%. Primo Brands Corp shares have risen nearly 5.04% since the year began. Nevertheless, the stocks have risen 57.30% 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 $32.85, while 200 days put it at $29.18.
Levels Of Support And Resistance For PRMB Stock
The 24-hour chart illustrates a support level at 31.81, which if violated will result in even more drops to 31.31. On the upside, there is a resistance level at 32.60. A further resistance level may holdings at 32.89. The Relative Strength Index (RSI) on the 14-day chart is 46.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.10%. Stochastics %K at 46.08% indicates the stock is a holding.
