The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Primo Brands Corp shares valued at $1,604,324,989 were sold by Lee Tony W on May 12 ’25. At $31.67 per share, Lee Tony W sold 50,657,562 shares. The insider’s holdings dropped to 116,210,806 shares worth approximately $3.8 billion following the completion of this transaction.
Also, ORCP III DE TopCo GP, LLC sold 50,657,562 shares, netting a total of over 1,604,324,989 in proceeds. Following the sale of shares at $31.67 each, the insider now holds 116,210,806 shares.
Before that, Lee Tony W had sold 51,750,000 shares from its account. In a trade valued at $1,526,625,000, the Director traded Primo Brands Corp shares for $29.50 each. Upon closing the transaction, the insider’s holdings decreased to 51,750,000 shares, worth approximately $5.46 billion.
As published in their initiating research note from BofA Securities on May 28, 2025, Primo Brands Corp [PRMB] has been a Buy and the price target has been revised to $42. Analysts at Mizuho started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid May. Earlier on April 04, 2025, Truist initiated its rating. Their recommendation was “a Buy” for PRMB stock.
Analyzing PRMB Stock Performance
During the last five days, there has been a surge of approximately 0.96%. Over the course of the year, Primo Brands Corp shares have jumped approximately 6.30%. Shares of the company reached a 52-week high of $35.85 on 03/31/25 and a 52-week low of $29.71 on 03/10/25.
Support And Resistance Levels for Primo Brands Corp (PRMB)
According to the 24-hour chart, there is a support level at 32.42, which, if violated, would cause prices to drop to 32.14. In the upper region, resistance lies at 33.14. The next price resistance is at 33.58. RSI (Relative Strength Index) is 52.56 on the 14-day chart, showing neutral technical sentiment.
