CEO Sells Shares Amid Redwire Growth | Business and Finance News

Redwire CEO Peter Cannito Jr. sold 25K shares for $258K — a tax-driven auto-sale, not a confidence vote — yet still owns 632K shares worth $6M. The space/defense tech firm, with a $2.3B market cap, is burning cash ($300M loss vs. $371M revenue) but growing its backlog and sales, trading at a premium when Cannito sold, amid volatile but promising long-term potential. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5aef62270f2691fb