The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Redwire Corporation shares valued at $26,890,059 were sold by Genesis Park II LP on Feb 25 ’25. At $11.50 per share, Genesis Park II LP sold 2,338,266 shares. The insider’s holdings dropped to 6,067,549 shares worth approximately $74.99 million following the completion of this transaction.
Also, Genesis Park II LP sold 10,115 shares, netting a total of over 243,823 in proceeds. Following the sale of shares at $24.11 each, the insider now holds 3,644,566 shares.
Before that, Genesis Park II LP had sold 42,449 shares from its account. In a trade valued at $1,028,017, the 10% Owner traded Redwire Corporation shares for $24.22 each. Upon closing the transaction, the insider’s holdings decreased to 42,449 shares, worth approximately $45.26 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 -11.90%. Over the course of the year, Redwire Corporation shares have dropped approximately -24.91%. Shares of the company reached a 52-week high of $26.66 on 02/13/25 and a 52-week low of $11.22 on 03/04/25. A 50-day SMA is recorded $18.48, while a 200-day SMA reached $10.43.
Support And Resistance Levels for Redwire Corporation (RDW)
According to the 24-hour chart, there is a support level at 11.59, which, if violated, would cause prices to drop to 10.81. In the upper region, resistance lies at 13.57. The next price resistance is at 14.77. RSI (Relative Strength Index) is 34.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.53, which suggests the price will decrease in the coming days. Percent R is at 92.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
