Thomas J. Shaw, President and CEO of Retractable Technologies Inc. (NYSE:RVP), recently purchased additional shares of the company's stock amid the company's stock trading near its 52-week low of $0.56, with shares showing a 7.5% gain year-to-date. According to a recent SEC filing, Shaw acquired 18,226 shares of common stock at an average price of $0.7287 per share on January 10, 2025. The total value of this purchase amounts to approximately $13,281.
Following this transaction, Shaw now directly owns 14,966,204 shares of Retractable Technologies. Additionally, he holds indirect ownership over 831,600 shares, with 500,000 shares under his investment power as a trustee for a family member and the remainder under a voting agreement. The company maintains strong liquidity with a current ratio of 8.57, though InvestingPro analysis reveals challenges with profitability and cash flow generation.
This transaction was executed under a Rule 10b5-1 trading plan, which Shaw adopted on August 22, 2024. Want deeper insights? InvestingPro subscribers have access to 8 additional key tips about RVP's financial health and market performance.
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