Why Redwire Stock Just Went to the Moon
Shares of recent special-purpose acquisition company (SPAC) IPO and NewSpace company Redwire (NYSE: RDW) lifted off in afternoon trading Monday, rising as high as a 40% gain at one point. The stock is retracing now -- up "only" about 16.6% as of 1:30 p.m.
And it all began with a tweet.
Image source: Getty Images.
Source Fool.com