Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $417.37 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 $418.56 million.
As published in a research note from B. Riley Securities on October 29, 2024, Redwire Corporation [RDW] has been rated down from a Buy to a Neutral and the price target has been revised to $9.50 from $8. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of July 22, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for RDW. Earlier on February 02, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for RDW stock.
Analyzing RDW Stock Performance
During the last five days, there has been a surge of approximately 13.95%. Over the course of the year, Redwire Corporation shares have jumped approximately 309.82%. Shares of the company reached a 52-week high of $11.89 on 11/20/24 and a 52-week low of $2.68 on 01/17/24. A 50-day SMA is recorded $8.18, while a 200-day SMA reached $5.87. Nevertheless, trading volume fell to 0.5 million shares from 0.64 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 10.92, which, if violated, would cause prices to drop to 10.16. In the upper region, resistance lies at 12.13. The next price resistance is at 12.57. RSI (Relative Strength Index) is 71.96 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.57, which suggests the price will increase in the coming days. Percent R is at 4.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
