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Thomas J. Shaw, the President and CEO of Retractable Technologies Inc . (NYSE:RVP), recently acquired 982 shares of the company’s common stock. The shares were purchased at an average price of $0.7311 per share, totaling approximately $717. This transaction leaves Shaw with direct ownership of 15,119,982 shares. The purchase comes as RVP trades near its 52-week low of $0.56, with the stock showing significant volatility as indicated by its beta of 2.09. Despite challenging conditions reflected in its -8.86% revenue decline, the company maintains a strong liquidity position with a current ratio of 8.57.
InvestingPro analysis reveals 6 additional key insights about RVP’s financial health and market position.
Additionally, Shaw has indirect ownership of 831,600 shares, with investment power over 500,000 shares as a trustee for a family member and voting control over the remainder due to a voting agreement. The transaction was executed under a Rule 10b5-1 plan, which was adopted on August 22, 2024.
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