Redwire is trading 6.5% lower at $8.21 as hotter-than-expected September CPI revived higher-rate concerns and pressured growth and technology shares.
- Nasdaq futures fell more than 1% on October 15 amid a broader global technology selloff.
- Piper Sandler initiated coverage at Neutral with an $11 price target, citing uncertainty about Redwire’s market position and competitive prospects.
- Redwire announced approximately $13.8 million in National Guard Stalker drone orders, a positive update that does not explain the drop.