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Why Redwire Stock Keeps Going Down

TheMotleyFool

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Why Redwire Stock Keeps Going DownPhoto, wide shot, wide-angle lens, Construction equipment, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/96af5505-e3c8-4496-bbb7-e4a5eba91e77.png

$10 a share. $9 a share. $8. Lower. For the past three trading days, space-and-defense stock Redwire (NYSE: RDW) has gone nowhere but down, losing more than 20% of its market capitalization in total -- including an 11% loss through 12:05 p.m. ET Thursday.

The question is why?

And the answer appears to be: "Drone Dominance" -- or rather the lack thereof.

Source Fool.com

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