$1,000 Invested in Redwire Stock at Its 2026 Low Would Be Worth This Much Today
This space supply chain company could eventually bounce back.
Overview
Shares of Redwire (NYSE: RDW), a producer of critical space mission components, closed at a record high of $25.90 on May 28 as the market's anticipation for SpaceX's (NASDAQ: SPCX) IPO sparked a buying frenzy in space stocks. However, Redwire and many of its industry peers lost their momentum ahead of SpaceX's market debut on June 12 -- and that record-setting IPO exacerbated that pressure by drawing investors away from smaller space stocks.
By July 29, Redwire's stock had sunk to a 52-week low of $7.78. But today, it trades at about $10, so a $1,000 investment at its 2026 low would have grown to nearly $1,300.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.