The latest update is out from Primo Brands ( (PRMB) ).
On March 10, 2025, Primo Brands Corporation announced a secondary offering of 45,000,000 shares of its Class A common stock by a stockholder affiliated with One Rock Capital Partners. The company plans to repurchase 4,000,000 shares from the underwriters using cash on hand, with the offering subject to market conditions. This move could potentially impact the company’s stock price and market positioning.
More about Primo Brands
Primo Brands is a leading North American branded beverage company focused on healthy hydration, offering a variety of responsibly and domestically sourced products across different formats, channels, and price points, distributed throughout the United States and Canada. The company employs over 13,000 associates and has dual headquarters in Tampa, Florida, and Stamford, Connecticut.
YTD Price Performance: 3.05%
Average Trading Volume: 2,440,501
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.02B
See more data about PRMB stock on TipRanks’ Stock Analysis page.
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