Primo Water $PRMW reversal?
$PRMW Primo Water Company reversal
On November 8th PRMW beats earnings estimates by $0.01
You can read the 10q filing HERE
$PRMW Primo Water Corporation closed last Friday @ $1.06
$PRMW trades on the NASDAQ exchange and will begin trading @ 8:00 est Monday not @ 9:30 like an OTC stock
$Primo Water sells filtered water in returnable containers and can be bought at many retailers such as kmart & Walmart
We are putting $PRMW on high alert for the week of November 12th. The stock is currently trading @ $1.06
Here is the story behind the Primo chart
Back in August ( 2011 ) PRMW released a scary earnings report with horrible guidance shortly after hyping up a second offering
Many people made a killing shorting PRMW as it crashed from $15.76 to under $4 in just a few days PRMW has continued it’s downward spiral eversince trading as low as .69 on October 25th PRMW bounced a high of $1.35 on November 8th after releasing it’s Q3 earnings which you can READ HEREThe hype has begun and $PRMW has pulled back to $1.06 from it’s $1.35 high on November 8th.
Look for pre-market activity Monday with PRMW
It’s a low floater and could move quickly
I’m sure there will be some decent volatility and plenty of chances to buy rips and sell dips
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