Thomas J. Shaw, President and CEO of Retractable Technologies Inc. (NYSE:RVP), recently acquired additional shares of the company amid a challenging period that has seen the stock decline nearly 49% over the past six months. According to the latest SEC filing, Shaw purchased a total of 29,708 shares over two consecutive days in December. The transactions occurred at prices ranging from $0.6023 to $0.6334 per share, resulting in a total investment of $17,927. InvestingPro data shows the company maintains strong liquidity with a current ratio of 8.57x, despite facing profitability challenges with negative EBITDA of $9.28 million in the last twelve months.
Following these transactions, Shaw’s direct ownership in the company increased to 14,920,762 shares. Additionally, he holds indirect control over 831,600 shares, with 500,000 of these held in trust for a family member and the remainder under a voting agreement.
These transactions were executed under a Rule 10b5-1 trading plan, which Shaw adopted on August 22, 2024.
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