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Thomas J. Shaw, President and CEO of Retractable Technologies Inc . (NYSE:RVP), has acquired 12,445 shares of the company’s common stock, according to a recent SEC filing. The company, which has seen its stock price rise 16.23% year-to-date despite showing negative EBITDA of $9.28 million in the last twelve months, maintains a strong liquidity position with a current ratio of 8.57. The shares were purchased at a weighted average price of $0.812 per share, totaling approximately $10,105. Following this transaction, Shaw holds 15,019,308 shares directly. Additionally, he has indirect voting or investment control over 831,600 shares, with investment power over 500,000 of these shares as a trustee for a family member. This acquisition was executed under a Rule 10b5-1 plan adopted on August 22, 2024. With a beta of 1.94, RVP shows significant price volatility. InvestingPro subscribers can access detailed insider trading patterns and 7 additional key insights about RVP’s financial health.
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