Redwire Corporation’s recently made public that its 10% Owner Genesis Park II LP unloaded Company’s shares for reported $2.27 million on Jan 27 ’25. In the deal valued at $22.73 per share,100,000 shares were sold. As a result of this transaction, Genesis Park II LP now holds 3,854,041 shares worth roughly $92.19 million.
Then, Genesis Park II LP sold 50,000 shares, generating $1,118,130 in total proceeds. Upon selling the shares at $22.36, the 10% Owner now owns 3,804,041 shares.
Before that, Genesis Park II LP sold 100,000 shares. Redwire Corporation shares valued at $2,191,720 were divested by the 10% Owner at a price of $21.92 per share. As a result of the transaction, Genesis Park II LP now holds 4,007,489 shares, worth roughly $95.86 million.
B. Riley Securities upgraded its Redwire Corporation [RDW] rating to a Buy from a a Neutral in a research note published on January 27, 2025; the price target was increased to $27 from $9.50. H.C. Wainwright began covering RDW with “Buy” recommendation on November 26, 2024. B. Riley Securities revised its rating on October 29, 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 5.05% to $23.92. Over the last five days, the stock has gained 12.62%. Redwire Corporation shares have risen nearly 45.32% since the year began. Nevertheless, the stocks have risen 748.23% over the past one year. While a 52-week high of $24.60 was reached on 01/31/25, a 52-week low of $2.77 was recorded on 01/14/25. SMA at 50 days reached $15.52, while 200 days put it at $8.70.
Levels Of Support And Resistance For RDW Stock
The 24-hour chart illustrates a support level at 22.51, which if violated will result in even more drops to 21.11. On the upside, there is a resistance level at 25.99. A further resistance level may holdings at 28.07. The Relative Strength Index (RSI) on the 14-day chart is 74.23, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.96%. Stochastics %K at 81.32% 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 2025-01-15, growing by 1.0 million shares to a total of 5.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.41 million shares. There was a rise of 18.42%, which implies that there is a positive sentiment for the stock.
