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Thomas J. Shaw, the President and CEO of Retractable Technologies Inc . (NYSE:RVP), recently acquired additional shares of the company’s common stock, according to a recent SEC filing. Over the course of three days, from February 12 to February 14, Shaw purchased a total of 19,270 shares. The transactions were executed at a price range between $0.772 and $0.7846 per share, amounting to a total investment of $14,974. The insider purchase comes as RVP’s stock shows strong momentum, with a 15.94% gain year-to-date, despite its historically high volatility with a beta of 1.96. According to InvestingPro, the company maintains robust liquidity with a current ratio of 8.57.
Following these acquisitions, Shaw now directly owns 15,064,404 shares of Retractable Technologies. InvestingPro analysis reveals several key insights about RVP’s current position, with 6 additional ProTips available to subscribers. Additionally, Shaw holds indirect voting and investment control over 831,600 shares, with a significant portion held in trust for a family member. These transactions were conducted under a Rule 10b5-1 trading plan, which was adopted on August 22, 2024.
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