Redwire Corp.(RDW) Drops 16.9% W/W on Profit-Taking

Redwire Corporation (NYSE:RDW) is one of the Massive Sell-Offs: These 10 Stocks Shockingly Nosedived.

Redwire fell by 16.9 percent week-on-week, from $19.08 on June 13 to $15.86 last Friday, as investors resorted to profit-taking while repositioning portfolios ahead of its presentation at the Jefferies Virtual Space Summit.

On Friday, Redwire Corporation (NYSE:RDW) announced that its chairman and chief executive officer, Peter Cannito, will present at the Jefferies Virtual Space Summit on June 24, 2025, from 1:20-1:50 PM ET.

Investors will be closely watching out for cues on Redwire Corporation’s (NYSE:RDW) updated outlook and plans for the rest of the year.

In other news, Redwire Corporation (NYSE:RDW) announced last week its successful acquisition of Edge Autonomy, a company providing unmanned aerial vehicle system technology, for $1.14 billion.

Redwire Corp.(RDW) Drops 16.9% W/W on Profit-Taking

A close-up of an antenna, its intricate designs a testament to the company’s expertise in space infrastructure.

Edge Autonomy is a leader in providing autonomous systems and resilient energy solutions to the US Department of Defense, US Federal Civilian Agencies, and allied governments around the world.

While we acknowledge the potential of RDW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.