In a filing, Redwire Corporation revealed its 10% Owner Genesis Park II LP unloaded Company’s shares for reported $26.89 million on Feb 25 ’25. In the deal valued at $11.50 per share,2,338,266 shares were sold. As a result of this transaction, Genesis Park II LP now holds 6,067,549 shares worth roughly $68.32 million.
Then, Genesis Park II LP sold 10,115 shares, generating $243,823 in total proceeds. Upon selling the shares at $24.11, the 10% Owner now owns 3,644,566 shares.
Before that, Genesis Park II LP sold 42,449 shares. Redwire Corporation shares valued at $1,028,017 were divested by the 10% Owner at a price of $24.22 per share. As a result of the transaction, Genesis Park II LP now holds 3,662,215 shares, worth roughly $41.24 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 Monday, Redwire Corporation [NYSE:RDW] saw its stock fall -6.63% to $11.26. Over the last five days, the stock has lost -8.53%. Redwire Corporation shares have fallen nearly -31.59% since the year began. Nevertheless, the stocks have risen 255.21% over the past one year. While a 52-week high of $26.66 was reached on 02/13/25, a 52-week low of $2.98 was recorded on 03/10/25. SMA at 50 days reached $18.38, while 200 days put it at $10.50.
Levels Of Support And Resistance For RDW Stock
The 24-hour chart illustrates a support level at 10.81, which if violated will result in even more drops to 10.35. On the upside, there is a resistance level at 11.66. A further resistance level may holdings at 12.05. The Relative Strength Index (RSI) on the 14-day chart is 31.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.58%. Stochastics %K at 5.58% indicates the stock is a buying.
