Redwire Corporation’s recent filing unveils that its 10% Owner Genesis Park II LP unloaded Company’s shares for reported $0.27 million on Jan 07 ’25. In the deal valued at $17.67 per share,15,364 shares were sold. As a result of this transaction, Genesis Park II LP now holds 4,307,489 shares worth roughly $66.81 million.
Then, Genesis Park II LP sold 100,000 shares, generating $1,801,840 in total proceeds. Upon selling the shares at $18.02, the 10% Owner now owns 4,322,853 shares.
Before that, Genesis Park II LP sold 72,415 shares. Redwire Corporation shares valued at $1,295,982 were divested by the 10% Owner at a price of $17.90 per share. As a result of the transaction, Genesis Park II LP now holds 4,422,853 shares, worth roughly $68.6 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 fall -4.32% to $15.51. Over the last five days, the stock has lost -8.98%. Redwire Corporation shares have fallen nearly -5.77% since the year began. Nevertheless, the stocks have risen 413.58% over the past one year. While a 52-week high of $18.54 was reached on 01/06/25, a 52-week low of $2.68 was recorded on 01/10/25. SMA at 50 days reached $12.59, while 200 days put it at $7.64.
Levels Of Support And Resistance For RDW Stock
The 24-hour chart illustrates a support level at 14.94, which if violated will result in even more drops to 14.36. On the upside, there is a resistance level at 16.25. A further resistance level may holdings at 16.98. The Relative Strength Index (RSI) on the 14-day chart is 54.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.19%. Stochastics %K at 60.92% indicates the stock is a holding.
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.
