Redwire Corporation (RDW) Soars 9.3%: Is Further Upside Left in the Stock?

The latest uptick in the share price of Redwire can be attributed to the fact that the company has recently appointed a distinguished aerospace executive and corporate attorney, Aaron Futch, as its Executive Vice President, General Counsel and Secretary. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. The stock curren ...