Why Redwire Corporation Stock Soared 20% Higher This Week

Shares of Redwire Corporation (NYSE: RDW) are jumping 20% this week, according to data from S&P Global Market Intelligence. The space infrastructure and defense innovator posted healthy backlog growth in the fourth quarter, leading investors to bid up the stock. Still, the stock is down from its $10-per-share listing price when it went public through a special purpose acquisition corporation (SPAC) in 2021. Here's why Redwire stock was up this week, and whether it is a buy right now. Will AI create the w ...