Primo Water Corporation PRMW was a big mover last session, as the company saw its shares rise almost 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.64 to $9.72 in the past one-month time frame.
The company has seen 1 positive estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Primo Water currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another well-ranked stock in the same space is REEDS, Inc. REED with a Zacks Rank #2 (Buy).
Is PRMW going up? Or down? Predict to see what others think: Up or Down
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