Redwire (RDW) Shares Plummet on Shake-Up – Is a Takeoff Next?
Redwire (NASDAQ:RDW) closed at about $9.40 on Oct. 15, down 1.5% after a 5.3% jump the previous day on news of a partnership with Red Cat. The stock remains volatile, falling 18.6% over the past week and down 42% year-to-date. CFO Jonathan Baliff will retire Nov. 30. Analysts’ 12-month price targets average $18–$19, with most ratings “Buy,” though Bank of America maintains an Underperform.