Primo Water Corporation (PRMW) Soars 1.77% on January 08

Equities Staff  |

Primo Water Corporation (PRMW) had a good day on the market for Friday January 08 as shares jumped 1.77% to close at $16.08. About 4.26 million shares traded hands on 13,858 trades for the day, compared with an average daily volume of n/a shares out of a total float of 160.24 million. After opening the trading day at $16.11, shares of Primo Water Corporation stayed within a range of $16.28 to $15.83.

With today's gains, Primo Water Corporation now has a market cap of $2.58 billion. Shares of Primo Water Corporation have been trading within a range of $16.37 and $6.33 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Primo Water, formerly Cott, is a pure-play water provider that is the product of the March 2020 acquisition of the legacy Primo business by Cott. The firm's water solutions ecosystem is anchored by an assortment of water dispensers and its water direct business. In the latter, it receives recurring revenue for delivering large-format (3- and 5-gallon) water bottles to residential and commercial customers for use in the dispensers. Supplementary offerings include water exchange, where consumers can exchange or purchase prefilled containers at retail, and water refill, where consumers have access to the network of self-service refill units that Primo manages. Most sales are generated in North America, with the remainder primarily in Europe and Israel.

Primo Water Corporation is based out of Tampa, FL and has some 11,580 employees. Its CEO is Thomas Harrington.

For a complete fundamental analysis of Primo Water Corporation, check out Equities.com’s Stock Valuation Analysis report for PRMW.

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Primo Water Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Primo Water Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: PRMW’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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