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Thomas J. Shaw, President and CEO of Retractable Technologies Inc. (AMEX:RVP), recently purchased 443 shares of the company's common stock. The transaction, disclosed in an SEC filing, took place on December 31, 2024, at a weighted average price of $0.6765 per share, amounting to a total of $299. The purchase comes as RVP shares have shown significant volatility, trading between $0.56 and $1.34 over the past 52 weeks, with a notable 8% gain in the past week despite a 40% decline over six months. Following this acquisition, Shaw holds direct ownership of 14,924,265 shares. Additionally, he maintains indirect ownership of 831,600 shares, with investment power over a portion as a trustee for a family member and voting control over the remainder through a voting agreement. The transaction is part of a Rule 10b5-1 trading plan adopted on August 22, 2024. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 8.57, though it faces challenges with weak gross profit margins of 7.86%. Subscribers can access 7 additional key insights about RVP's financial health and market position.
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