Redwire stock drops 6% after SHIELD rally as big holders flag $69 million share sale
Redwire shares fell 6.2% to $12.47 Thursday after two major shareholders filed to sell up to 4.85 million shares, worth nearly $69 million combined. The drop erased gains from Tuesday, when Redwire announced it won a spot on the Missile Defense Agency’s $151 billion SHIELD contract vehicle. Trading volume hit 17.8 million shares by 11:00 a.m. EST.