Redwire Corp(NYSE:RDW) shares are trading higher on Wednesday afternoon as traders piled back into defense and space names on rising odds of a U.S. strike against Iran. Here’s what investors need to know.
U.S. defense stocks broadly moved higher on Wednesday after reports signaled the Trump administration is edging closer to possible military action, and prediction markets sharply increased the implied odds of a strike in the coming weeks.
Vice President JD Vance further stoked jitters by warning that diplomacy with Tehran could be nearing its "natural end" and emphasizing that President Donald Trump still reserves the option of using force.
For investors, that rhetoric reinforces expectations for sustained demand for space-based surveillance, communications and other national-security infrastructure that sits at the core of Redwire's government-focused business.
Short-Term Weakness Persists
Redwire is trading 22% below its 20-day simple moving average (SMA) and 1.9% below its 100-day SMA, indicating short-term weakness but some resilience in the longer term.
Shares have decreased 64.99% over the past 12 months and are currently positioned closer to their 52-week lows than highs, suggesting ongoing challenges for the stock.
The RSI is at 41.01, which is considered neutral territory, indicating that the stock is neither overbought nor oversold. Meanwhile, the MACD is at -0.4238, below its signal line at 0.0797, indicating bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum, reflecting uncertainty in the stock’s near-term direction.
Key Resistance: $9
Key Support: $7.50
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Redwire, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Weak (Score: 5.22) — Stock is underperforming the broader market.
RDW Shares Edge Higher Wednesday
RDW Price Action: Redwire shares were up 5% at $8.30 at market clos Wednesday, according to Benzinga Pro data.
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