In a filing, Primo Brands Corp revealed 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 $3.32 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 $4.77 billion.
Morgan Stanley initiated its Primo Brands Corp [PRMB] rating to an Overweight in a research note published on July 02, 2025; the price target was $38. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. BofA Securities began covering PRMB with “Buy” recommendation on May 28, 2025. Mizuho started covering the stock on May 12, 2025. It rated PRMB as “an Outperform”.
Price Performance Review of PRMB
On Friday, Primo Brands Corp [NYSE:PRMB] saw its stock fall -6.29% to $28.61. Over the last five days, the stock has lost -4.44%. Primo Brands Corp shares have risen nearly 42.05% since the year began. Nevertheless, the stocks have fallen -7.02% 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 06/11/25.
Levels Of Support And Resistance For PRMB Stock
The 24-hour chart illustrates a support level at 28.04, which if violated will result in even more drops to 27.47. On the upside, there is a resistance level at 29.72. A further resistance level may holdings at 30.84.
How much short interest is there in Primo Brands Corp?
A steep rise in short interest was recorded in Primo Brands Corp stocks on 2025-06-13, dropping by -0.14 million shares to a total of 12.12 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 12.26 million shares. There was a decline of -1.17%, which implies that there is a negative sentiment for the stock.
