Why Redwire Stock Looks Red Hot Today, and RTX and AeroVironment Are Rising

A funny thing happened on the way to today's stock market rally. Amidst all the enthusiasm over President Trump's inaugural address and the prospects it raises for stock market growth, one tiny space stock in particular blasted higher than just about any other stock on the market: Redwire (NYSE: RDW).Redwire's announcement today that it will purchase artificial intelligence (AI) company and drone-tech specialist Edge Autonomy sent the former's stock flying. As the trading day winds down, Redwire shares are up an astounding 44.5% as of 3:25 p.m. ET.Redwire's good news is having an effect on rivals in the defense industry that it's now entering, too. RTX Corporation (NYSE: RTX), for example, a defense industry giant that makes, among other things, the Coyote unmanned aerial vehicle (UAV), is up a modest 3.4%. AeroVironment (NASDAQ: AVAV), a pure play on drones technology, is up 4.5%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool