Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Redwire Corporation shares valued at $250,860 were sold by Genesis Park II LP on Dec 02 ’24. At $15.01 per share, Genesis Park II LP sold 16,717 shares. The insider’s holdings dropped to 4,693,297 shares worth approximately $70.73 million following the completion of this transaction.
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Also, AE RED HOLDINGS, LLC sold 39,266 shares, netting a total of over 286,249 in proceeds. Following the sale of shares at $7.29 each, the insider now holds 35,733,411 shares.
Before that, AE RED HOLDINGS, LLC had sold 24,883 shares from its account. In a trade valued at $176,669, the Director traded Redwire Corporation shares for $7.10 each. Upon closing the transaction, the insider’s holdings decreased to 24,883 shares, worth approximately $538.13 million.
As published in their initiating research note from H.C. Wainwright on November 26, 2024, Redwire Corporation [RDW] has been a Buy and the price target has been revised to $18. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of August 09, 2024, B. Riley Securities has increased its “Neutral” rating to a “Buy” for RDW. Earlier on July 22, 2024, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for RDW stock which previously was a “a Buy”.
Analyzing RDW Stock Performance
During the last five days, there has been a surge of approximately 13.19%. Over the course of the year, Redwire Corporation shares have jumped approximately 442.11%. Shares of the company reached a 52-week high of $15.25 on 12/02/24 and a 52-week low of $2.68 on 01/17/24. A 50-day SMA is recorded $10.93, while a 200-day SMA reached $6.98. Nevertheless, trading volume fell to 0.61 million shares from 0.77 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 14.24, which, if violated, would cause prices to drop to 13.42. In the upper region, resistance lies at 15.48. The next price resistance is at 15.90. RSI (Relative Strength Index) is 68.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.33, which suggests the price will increase in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
