Boston, MA 06/14/2013 (wallstreetpr) – The share prices of Primo Water Corporation (NASDAQ:PRMW) had surged by 9.60 percent to close at $1.94 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $1.74 to $2.07 per share, which had pushed the company to touch new peaks. The shares of Primo Water Corporation (NASDAQ:PRMW) had thereby adjusted their new 52 week high price level to $2.07 per share and the 52 week low price level of the company is at $0.69 per share.
Primo Water Corporation (NASDAQ:PRMW) is primarily engaged in the sales of three gallon and five gallon purified bottled water and water dispenser through retailers. The company operates its business through two major segments namely Primo Bottled Water Exchange Segment and Primo Products Segment. The Exchange segment sells three and five gallon bottled purified water in each of the contiguous United States through its retailers. On the other hand, the Products segment is involved in the sales of water dispensers to be used to dispense Primo Bottled water and other dispenser compatible bottled water.
Primo Water Corporation (NASDAQ:PRMW) had recently announced the promotion of Matt Sheehan, the present Chief Operating Officer to the new position of President and Chief Operating Officer and Richard Belmont, the General Manager of Water Dispensers segment to the new position of President and General Manager of Consumer Innovation and Global sourcing.
The shares of Primo Water Corporation (NASDAQ:PRMW) had recently been surging to new peaks with heavy trading volumes. The company had witnessed the trade of 1.16 million shares on Thursday, while the average trading volume is at 159,928 shares per day.
Primo Water Corporation (NASDAQ:PRMW) presently holds 23.83 million shares outstanding in the market with an institutional ownership at 24 percent of its holdings.
