Redwire Corporation’s filing revealed that its Director AE RED HOLDINGS, LLC unloaded Company’s shares for reported $0.29 million on Jul 18 ’24. In the deal valued at $7.29 per share,39,266 shares were sold. As a result of this transaction, AE RED HOLDINGS, LLC now holds 35,733,411 shares worth roughly $386.28 million.
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Then, AE RED HOLDINGS, LLC sold 24,883 shares, generating $176,669 in total proceeds. Upon selling the shares at $7.10, the Director now owns 35,708,528 shares.
Before that, AE RED HOLDINGS, LLC sold 88,145 shares. Redwire Corporation shares valued at $673,428 were divested by the Director at a price of $7.64 per share. As a result of the transaction, AE RED HOLDINGS, LLC now holds 35,835,431 shares, worth roughly $387.38 million.
B. Riley Securities downgraded its Redwire Corporation [RDW] rating to a Neutral from a a Buy in a research note published on October 29, 2024; the price target was increased to $9.50 from $8. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. B. Riley Securities also remained covering RDW and has decreased its forecast on July 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Cantor Fitzgerald started covering the stock on February 02, 2024. It rated RDW as “an Overweight”.
Price Performance Review of RDW
On Monday, Redwire Corporation [NYSE:RDW] saw its stock jump 4.04% to $10.81. Over the last five days, the stock has gained 4.14%. Redwire Corporation shares have risen nearly 279.30% since the year began. Nevertheless, the stocks have risen 337.65% over the past one year. While a 52-week high of $10.85 was reached on 11/18/24, a 52-week low of $2.41 was recorded on 01/17/24. SMA at 50 days reached $7.86, while 200 days put it at $5.74.
Levels Of Support And Resistance For RDW Stock
The 24-hour chart illustrates a support level at 10.37, which if violated will result in even more drops to 9.93. On the upside, there is a resistance level at 11.30. A further resistance level may holdings at 11.79. The Relative Strength Index (RSI) on the 14-day chart is 72.74, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.92%. Stochastics %K at 84.91% indicates the stock is a selling.
How much short interest is there in Redwire Corporation?
A steep rise in short interest was recorded in Redwire Corporation stocks on 2024-10-31, growing by 0.42 million shares to a total of 2.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.58 million shares. There was a rise of 13.88%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 20, 2023 when Alliance Global Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $5 price target.
