
$Redwire(RDW.US) fell seven points. Small-cap commercial space stocks like this had risen too much earlier; as soon as Jefferies downgraded its rating, they started to give back gains consecutively. $Lockheed Martin(LMT.US) fell a little over two points, but major defense stocks are more resilient. Both are in aerospace, but small-cap space stocks rely on milestones and sentiment, leading to inherently high volatility. Major defense stocks have orders and cash flow as a cushion, making their declines more moderate. For a stock like $Redwire(RDW.US) that keeps drifting lower even without news, you have to wait for the next launch or contract milestone to see a clear direction. 🙃
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