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Thomas J. Shaw, President and CEO of Retractable Technologies Inc . (NYSE:RVP), recently acquired 29,112 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased at an average price of $0.7823 each, amounting to a total transaction value of approximately $22,774. The purchase comes as RVP's stock shows high volatility with a beta of 1.94, trading at $0.81, between its 52-week range of $0.56 to $1.34.
Following this transaction, Shaw's direct ownership in the company stands at 15,006,863 shares. Additionally, Shaw holds indirect ownership of 831,600 shares, with investment power over 500,000 of these shares as a trustee for a family member, and voting control over the remaining shares through a voting agreement. InvestingPro data reveals the company maintains strong liquidity with a current ratio of 8.57, though it remains unprofitable over the last twelve months.
This acquisition was made under a Rule 10b5-1 trading plan, which was adopted on August 22, 2024. For deeper insights into insider trading patterns and comprehensive financial analysis, including 7 additional key ProTips, consider subscribing to InvestingPro.
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