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May 18, 2025 6:00 PM - Rayan Ahmad(Last modified: May 19, 2025 1:29 PM)
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Redwire Corporation, trading under the symbol NYSE:RDW, is currently under investigation by Kahn Swick & Foti, LLC, led by the former Attorney General of Louisiana. This investigation focuses on a merger involving Redwire, which could have significant implications for its investors and stakeholders. The aim is to ensure that shareholder interests are protected during this process.
Despite the ongoing investigation, Alliance Global Partners has maintained a "Buy" rating for RDW as of May 12, 2025. At that time, the stock was priced at $10.56. The firm adjusted its price target for Redwire from $20 to $19, indicating a positive outlook despite the current scrutiny surrounding the merger.
Currently, RDW is trading at $12.23 on the NYSE, reflecting a decrease of 5.41% today, with a drop of $0.70. The stock has seen a low of $12.12 and a high of $13.165 during the day's trading. This volatility may be influenced by the ongoing investigation and market reactions to the merger news.
Over the past year, RDW has experienced significant price fluctuations, reaching a high of $26.66 and a low of $4.73. The company's market capitalization is approximately $942.7 million, with a trading volume of 2,084,108 shares. These figures highlight the market's interest and the potential impact of the merger investigation on Redwire's stock performance.
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