🔴 Redwire Corp is trading 9% down today on profit-taking after its contract-driven surge

Redwire Corp is trading 9% down at $19.51 as the stock undergoes a sharp reversal from its recent contract-driven spike.

• The stock previously rallied 15.1% on June 4 to $21.43 following news of a new commercial space greenhouse contract on the International Space Station.
• Current downward pressure is attributed to profit-taking after a significant multi-day run and a generally weaker broader market.