In Wednesday’s Wall Street session, Primo Brands Corp (NYSE:PRMB) shares traded at $31.90, down -1.54% from the previous session.
PRMB stock price is now -3.15% away from the 50-day moving average and 9.71% away from the 200-day moving average. The market capitalization of the company currently stands at $12.01B.
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With the price target of $43, Mizuho recently initiated with Outperform rating for Primo Brands Corp (NYSE: PRMB). , while ‘Truist’ rates the stock as ‘Buy’
In other news, Lee Tony W, Director sold 50,657,562 shares of the company’s stock on May 12 ’25. The stock was sold for $1,604,324,989 at an average price of $31.67. Upon completion of the transaction, the Director now directly owns 116,210,806 shares in the company, valued at $3.71 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12 ’25, 10% Owner ORCP III DE TopCo GP, LLC sold 50,657,562 shares of the business’s stock. A total of $1,604,324,989 was realized by selling the stock at an average price of $31.67. This leaves the insider owning 116,210,806 shares of the company worth $3.71 billion. A total of 31.68% of the company’s stock is owned by insiders.
During the past 12 months, Primo Brands Corp has had a low of $19.53 and a high of $35.85. As of last week, the company has a debt-to-equity ratio of 1.71, a current ratio of 1.07, and a quick ratio of 0.87.
The net profit margin was -2.11% and return on equity was -2.83% for PRMB.
