Shares of Redwire (NYSE:RDW) surged 5.7% as the company secured an eight-figure contract with The Exploration Company, a European aerospace firm. The deal involved building two advanced docking systems for spacecraft, contributing significantly to Redwire’s revenue. The stock closed at $8.52, up 6.4% from the previous day’s close. Redwire’s shares have been volatile, with 98 moves over 5% in the past year. The recent rally was driven by positive sentiment toward space-related stocks. Analyst Michael Leshock initiated coverage on Redwire with a ‘Sector Weight’ rating. The stock is down 49.8% year-to-date and trading 66.7% below its 52-week high.

Investors are eyeing Redwire (NYSE:RDW) as the company continues a multi-day rally following a significant contract win with The Exploration Company. The stock jumped 5.7% after securing an eight-figure deal to build docking systems for spacecraft, marking the third consecutive day of gains. Redwire’s shares are highly volatile, with 98 moves over 5% in the past year. The recent rally was fueled by the positive sentiment surrounding space-related stocks. Analyst Michael Leshock initiated coverage on Redwire with a ‘Sector Weight’ rating. The stock is down 49.8% year-to-date and trading 66.7% below its 52-week high.

Redwire (NYSE:RDW) experienced a 5.7% surge in its stock price after securing an eight-figure contract with The Exploration Company, a European aerospace firm. The deal involved building docking systems for spacecraft, contributing significantly to the company’s revenue. The stock closed at $8.52, up 6.4% from the previous day’s close. Redwire’s shares have been volatile, with 98 moves over 5% in the past year. The recent rally was driven by positive sentiment toward space-related stocks. Analyst Michael Leshock initiated coverage on Redwire with a ‘Sector Weight’ rating. The stock is down 49.8% year-to-date and trading 66.7% below its 52-week high.

Read more at Barchart: Why Is Redwire (RDW) Stock Soaring Today