Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Redwire Corporation shares valued at $286,249 were sold by AE RED HOLDINGS, LLC on Jul 18 ’24. At $7.29 per share, AE RED HOLDINGS, LLC sold 39,266 shares. The insider’s holdings dropped to 35,733,411 shares worth approximately $299.8 million following the completion of this transaction.
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Also, AE RED HOLDINGS, LLC sold 24,883 shares, netting a total of over 176,669 in proceeds. Following the sale of shares at $7.10 each, the insider now holds 35,708,528 shares.
Before that, AE RED HOLDINGS, LLC had sold 88,145 shares from its account. In a trade valued at $673,428, the Director traded Redwire Corporation shares for $7.64 each. Upon closing the transaction, the insider’s holdings decreased to 88,145 shares, worth approximately $300.66 million.
As published in a research note from B. Riley Securities on August 09, 2024, Redwire Corporation [RDW] has been rated up from a Neutral to a Buy and the price target has been revised to $8. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of February 02, 2024, Cantor Fitzgerald has initiated its “an Overweight” rating for RDW. Earlier on December 20, 2023, Alliance Global Partners initiated its rating. Their recommendation was “a Buy” for RDW stock.
Analyzing RDW Stock Performance
During the last five days, there has been a surge of approximately 11.13%. Over the course of the year, Redwire Corporation shares have jumped approximately 194.39%. Shares of the company reached a 52-week high of $8.45 on 10/16/24 and a 52-week low of $2.68 on 01/17/24. A 50-day SMA is recorded $6.59, while a 200-day SMA reached $5.04. Nevertheless, trading volume fell to 0.68 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Redwire Corporation (RDW)
According to the 24-hour chart, there is a support level at 8.02, which, if violated, would cause prices to drop to 7.64. In the upper region, resistance lies at 8.61. The next price resistance is at 8.82. RSI (Relative Strength Index) is 70.18 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.64, which suggests the price will decrease in the coming days. Percent R is at 2.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
