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Director Steven P. Stanbrook of Primo Brands Corp (NASDAQ:PRMB) purchased 12,400 shares of Class A Common Stock on August 12, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The timing appears strategic, as InvestingPro data shows the stock has declined 26% over the past six months, with technical indicators suggesting oversold conditions.
The shares were bought at a weighted average price of $24.0407, for a total transaction value of $298,104. The prices for individual purchases ranged from $23.97 to $24.07. Following the transaction, Stanbrook directly owns 125,025 shares of Primo Brands Corp, showing confidence in the $3.9 billion company. According to InvestingPro analysis, the stock currently trades below its Fair Value, with analyst targets ranging from $26 to $43. Get deeper insights into insider trading patterns and 10+ additional ProTips with an InvestingPro subscription.
In other recent news, Primo Water Corporation reported its Q2 2025 earnings, which exceeded analysts’ expectations. The company achieved an earnings per share (EPS) of $0.36, surpassing the forecasted $0.26, representing a 38.46% surprise. Additionally, Primo Water’s revenue reached $1.73 billion, significantly beating the forecast of $502.1 million by 244.55%. Despite these positive earnings results, BMO Capital has lowered its price target for Primo Brands Corp. to $42.00 from $45.00, while maintaining an Outperform rating. The reduction in the price target follows disappointing second-quarter results and 2025 guidance, with the company facing integration issues, weather disruptions, and challenges related to its coffee business exit. These recent developments have drawn attention from investors and analysts alike.
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