Redwire shares sink as space stocks retreat
Redwire shares dropped in late-morning trade Monday after Jefferies downgraded its rating on the space and defense tech company. The call pulled back a fast move up in smaller space stocks. Redwire shares fell 16.4% to $20.53 in recent trading after starting the session at $22.66. Volume topped 25.8 million shares. The space company’s market cap was around $4.0 billion.