Why Redwire Corporation Stock Just Crashed
Source: Motley Fool
2025-10-08 12:00:00 ET
Redwire Corporation (NYSE: RDW) plunged 7.5% through 11:11 a.m. ET Thursday after the space infrastructure stock announced (yesterday) its CFO Jonathan Baliff will retire, to be replaced by current chief accounting officer Chris Edmunds, at the end of November.
But that was only the first shoe to drop.
In a separate announcement, filed with the SEC yesterday, Redwire advised one of its biggest shareholders, "BCC Redwire Aggregator, L.P.," which owns more than 10% of Redwire, intends to sell off nearly 10 million Redwire shares.
Redwire Corporation
NASDAQ: RDW
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