Thomas J. Shaw, President and CEO of Retractable Technologies Inc. (AMEX:RVP), recently acquired 350 shares of the company's common stock. This insider purchase comes as the stock has experienced significant volatility, with shares down over 45% in the past six months, according to InvestingPro data. The transaction, dated December 6, 2024, was executed at a weighted average price of $0.611 per share, totaling approximately $213. Following this acquisition, Shaw holds a direct ownership of 14,881,887 shares. Additionally, he has indirect control over 831,600 shares, with voting or investment control over the shares through various agreements and trusts. The acquisition was made under a Rule 10b5-1 trading plan, which was adopted on August 22, 2024. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 8.57, indicating robust short-term financial health despite recent market challenges. Get more insights on insider trading patterns and 7 additional key ProTips with an InvestingPro subscription.
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