Primo Brands Corp’s recently made public 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 $2.75 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 $3.95 billion.
Deutsche Bank downgraded its Primo Brands Corp [PRMB] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early July with a ‘”an Overweight”‘ rating. Barclays began covering PRMB with “an Overweight” recommendation on June 04, 2025. BofA Securities started covering the stock on May 28, 2025. It rated PRMB as “a Buy”.
Price Performance Review of PRMB
On Friday, Primo Brands Corp [NYSE:PRMB] saw its stock fall -1.29% to $23.69. Over the last five days, the stock has lost -12.42%. Primo Brands Corp shares have risen nearly 11.97% since the year began. Nevertheless, the stocks have fallen -23.01% over the past one year.
How much short interest is there in Primo Brands Corp?
A steep rise in short interest was recorded in Primo Brands Corp stocks on 2025-07-15, growing by 0.68 million shares to a total of 12.8 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-13 was 12.12 million shares. There was a rise of 5.34%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 12, 2025 when Mizuho began covering the stock and recommended ‘”an Outperform”‘ rating along with a $43 price target.
