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Primo Brands Surges to 358th in Daily Trading Volume with $313 Million Turnover

Market BriefTuesday, May 13, 2025 7:42 pm ET

1min read

On May 13, 2025, Primo Brands (PRMB) saw a significant increase in trading volume, with a turnover of $313 million, marking a 54.14% rise from the previous day. This surge placed PRMB at the 358th position in terms of daily trading volume among all stocks. The stock price of PRMB rose by 1.26%.

Primo Brands reported strong first-quarter earnings, with adjusted earnings of 27 cents per share, surpassing the consensus estimate of 22 cents. This figure represents a 50% increase from the previous year, indicating robust financial performance.

In terms of revenue, Primo Brands achieved a year-over-year growth of 42.1% to $1.61 billion in the first quarter. However, this figure fell short of the analyst consensus estimate of $1.62 billion, suggesting that while the company is growing, there may be some challenges in meeting market expectations.

Primo Brands, a beverage company based in Florida, is part of the Consumer Defensive sector and is traded under the ticker PRMB on the NYSE. The company has shown strong performance over the past year, with its stock price increasing by 50.71%. This outperformance is notable within the Beverages - Non-Alcoholic industry, where it has exceeded other stocks by 0.42 percentage points.

Analysts have generally maintained a bullish outlook on PRMB. Mizuho initiated coverage with an Outperform rating and set a price target of $43.00, aligning with the consensus among analysts who have set targets ranging from $40 to $48. This positive sentiment reflects confidence in the company's growth prospects and financial health.

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