Redwire Corporation’s recently made public that its 10% Owner Genesis Park II LP unloaded Company’s shares for reported $1.46 million on Jan 02 ’25. In the deal valued at $17.02 per share,85,515 shares were sold. As a result of this transaction, Genesis Park II LP now holds 4,495,268 shares worth roughly $81.32 million.
Then, Genesis Park II LP sold 17,273 shares, generating $306,665 in total proceeds. Upon selling the shares at $17.75, the 10% Owner now owns 4,580,783 shares.
Before that, Genesis Park II LP sold 89,870 shares. Redwire Corporation shares valued at $1,527,134 were divested by the 10% Owner at a price of $16.99 per share. As a result of the transaction, Genesis Park II LP now holds 4,603,427 shares, worth roughly $83.28 million.
H.C. Wainwright initiated its Redwire Corporation [RDW] rating to a Buy in a research note published on November 26, 2024; the price target was $18. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. B. Riley Securities also remained covering RDW and has increased its forecast on August 09, 2024 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities revised its rating on July 22, 2024. It rated RDW as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RDW
On Friday, Redwire Corporation [NYSE:RDW] saw its stock jump 6.16% to $18.09. Over the last five days, the stock has gained 5.85%. Redwire Corporation shares have risen nearly 9.90% since the year began. Nevertheless, the stocks have risen 493.11% over the past one year. While a 52-week high of $18.28 was reached on 01/03/25, a 52-week low of $2.68 was recorded on 01/02/25. SMA at 50 days reached $11.97, while 200 days put it at $7.39.
Levels Of Support And Resistance For RDW Stock
The 24-hour chart illustrates a support level at 17.27, which if violated will result in even more drops to 16.44. On the upside, there is a resistance level at 18.70. A further resistance level may holdings at 19.31. The Relative Strength Index (RSI) on the 14-day chart is 71.66, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.76%. Stochastics %K at 83.31% 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 2024-12-13, growing by 1.08 million shares to a total of 4.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.33 million shares. There was a rise of 24.56%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 02, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $5 price target.
