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Redwire Corporation Stock Plummets 18.72% with $276 Million Trading Volume Ranking 288th
Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 17, 2025 7:46 pm ET1min read
On June 17, 2025,
(RDW) experienced a significant decline in its stock price, falling by 18.72%. The company's trading volume reached $276 million, making it the 288th highest in the market that day.Redwire's stock price dropped following the announcement of its upsized public offering. The aerospace and defense company priced 15.53 million shares at $16.75 each, aiming to raise approximately $260 million in gross proceeds. This move was part of the company's strategy to fund its growth initiatives.
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