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 $2,272,890 were sold by Genesis Park II LP on Jan 27 ’25. At $22.73 per share, Genesis Park II LP sold 100,000 shares. The insider’s holdings dropped to 3,854,041 shares worth approximately $90.72 million following the completion of this transaction.
Also, Genesis Park II LP sold 50,000 shares, netting a total of over 1,118,130 in proceeds. Following the sale of shares at $22.36 each, the insider now holds 3,804,041 shares.
Before that, Genesis Park II LP had sold 100,000 shares from its account. In a trade valued at $2,191,720, the 10% Owner traded Redwire Corporation shares for $21.92 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $94.34 million.
As published in a research note from B. Riley Securities on January 27, 2025, Redwire Corporation [RDW] has been rated up from a Neutral to a Buy and the price target has been revised to $27 from $9.50. As of November 26, 2024, H.C. Wainwright has initiated its “Buy” rating for RDW. Earlier on October 29, 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 5.94%. Over the course of the year, Redwire Corporation shares have jumped approximately 43.01%. Shares of the company reached a 52-week high of $26.66 on 01/31/25 and a 52-week low of $12.93 on 01/14/25. A 50-day SMA is recorded $16.24, while a 200-day SMA reached $9.00. Nevertheless, trading volume fell to 1.52 million shares from 1.79 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 22.63, which, if violated, would cause prices to drop to 21.73. In the upper region, resistance lies at 24.51. The next price resistance is at 25.49. RSI (Relative Strength Index) is 67.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.85, which suggests the price will increase in the coming days. Percent R is at 24.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.