Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Redwire Corporation shares valued at $243,823 were sold by Genesis Park II LP on Feb 19 ’25. At $24.11 per share, Genesis Park II LP sold 10,115 shares. The insider’s holdings dropped to 3,644,566 shares worth approximately $51.13 million following the completion of this transaction.
Also, Genesis Park II LP sold 42,449 shares, netting a total of over 1,028,017 in proceeds. Following the sale of shares at $24.22 each, the insider now holds 3,662,215 shares.
Before that, Genesis Park II LP had sold 7,534 shares from its account. In a trade valued at $189,908, the 10% Owner traded Redwire Corporation shares for $25.21 each. Upon closing the transaction, the insider’s holdings decreased to 7,534 shares, worth approximately $51.28 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 drop of approximately -29.85%. Over the course of the year, Redwire Corporation shares have dropped approximately -14.76%. Shares of the company reached a 52-week high of $26.66 on 02/13/25 and a 52-week low of $12.93 on 01/14/25. A 50-day SMA is recorded $18.46, while a 200-day SMA reached $10.23. Nevertheless, trading volume fell to 1.63 million shares from 1.62 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 13.54, which, if violated, would cause prices to drop to 13.05. In the upper region, resistance lies at 15.01. The next price resistance is at 15.99. RSI (Relative Strength Index) is 33.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.94, which suggests the price will decrease in the coming days. Percent R is at 96.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
