We recently published a list of 10 Firms End Friday Strong; 3 Reach All-Time Highs. In this article, we are going to take a look at where Primo Brands Corporation (NYSE:PRMB) stands against other firms that end Friday strong.
Wall Street’s main indices finished the trading week in the negative territory as investor sentiment was weighed down by economic uncertainties brought about by the ongoing trade tensions globally.
The tech-heavy Nasdaq fell the heaviest, by 2.70 percent, followed by the S&P 500, by 1.97 percent, and the Dow Jones, by 1.69 percent.
Despite the broader market downturn, 10 individual stocks showed a strong performance during the trading session, with three companies particularly notable for hitting new all-time highs.
In this article, we listed Friday’s top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.
A colorful display of sparkling waters, juices, energy drinks and carbonated soft drinks on a convenience store shelf, emphasizing the company’s impressive beverage portfolio.
Primo Brands extended its winning streak for a fourth straight day on Friday, adding 2.47 percent to its valuation to close at $35.30 apiece as investors gobbled up shares in the company following an influencer’s TikTok video that showed a specific bottled water produced by PRMB.
In his video, user Ashton Hall elaborated on his morning routine, saying he wakes up before 4 AM doing a flurry of activities before many start their work days. The video showed the Saratoga Spring Water, piquing investor interest in its parent firm, PRMB.
Hall’s original video earned 100 million views, sparking memes and jokes across different social media platforms.
PRMB is the company that emerged following the merger of Primo Water and BlueTriton Brands. It also owns other brands namely Ice Mountain, Pure Life, and Poland Spring.
Overall, PRMB ranks 6th on our list of firms that end Friday strong. While we acknowledge the potential of PRMB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as PRMB but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
