New insider activity at Redwire ( (RDW) ) has taken place on February 20, 2025.
Genesis Park II LP, a significant shareholder, has divested 49,983 shares of Redwire stock, accumulating a total sale value of $1,217,547.
Recent Updates on RDW stock
In recent developments, Redwire Corporation experienced a significant stock price increase, rising 13.4% to $25.81. This surge is attributed to several strategic moves and announcements by the company. Redwire’s CEO, Peter Cannito, discussed the company’s strategic growth initiatives, including acquisitions of Hera Systems and Edge Autonomy, to enhance its space platform offerings. Additionally, Redwire was awarded a study contract by the European Space Agency (ESA) to develop preliminary spacecraft design for an astrophysics mission, highlighting its advanced capabilities in space technology. The company also secured a contract from Orion Space Solutions to deliver a Mako spacecraft for a U.S. Space Force mission, further solidifying its position in the space sector. These developments underscore Redwire’s focus on innovation and expansion, contributing to the positive market response.
More about Redwire
YTD Price Performance: 38.38%
Average Trading Volume: 1,557,663
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.58B