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 $24,684 were purchased by Baliff Jonathan on Mar 19 ’25. At $11.38 per share, Baliff Jonathan acquired 2,170 shares. The insider’s holdings grew to 1,028,954 shares worth approximately $11.29 million following the completion of this transaction.
Also, Isham Joanne O’Rourke purchased 4,578 shares, netting a total of over 50,451 in proceeds. Following the buying of shares at $11.02 each, the insider now holds 83,595 shares.
Before that, Cannito Peter Anthony Jr had added 10,683 shares to its account. In a trade valued at $99,992, the Chairman and CEO bought Redwire Corporation shares for $9.36 each. Upon closing the transaction, the insider’s holdings increased to 10,683 shares, worth approximately $5.11 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 11.60%. Over the course of the year, Redwire Corporation shares have dropped approximately -33.35%. Shares of the company reached a 52-week high of $26.66 on 02/13/25 and a 52-week low of $6.61 on 04/07/25. A 50-day SMA is recorded $12.40, while a 200-day SMA reached $11.13.
Support And Resistance Levels for Redwire Corporation (RDW)
According to the 24-hour chart, there is a support level at 10.40, which, if violated, would cause prices to drop to 9.82. In the upper region, resistance lies at 11.31. The next price resistance is at 11.64. RSI (Relative Strength Index) is 53.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 2.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
