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Thomas J. Shaw, the President and CEO of Retractable Technologies Inc. (NYSE:RVP), recently acquired 5,302 shares of the company's common stock. The shares were purchased at an average price of $0.682 each, amounting to a total transaction value of $3,615. This insider purchase comes as the stock has shown strong momentum, with InvestingPro data showing a 7.5% return over the past week, despite trading near its 52-week low of $0.56. Following this acquisition, Shaw now directly owns 14,929,567 shares of the company. Additionally, he maintains indirect control over 831,600 shares, which include investment power over 500,000 shares as a trustee for a family member and voting control over the remaining shares through a voting agreement. This transaction was conducted under a Rule 10b5-1 plan adopted on August 22, 2024. The company currently maintains a strong liquidity position with a current ratio of 8.57, though InvestingPro analysis reveals challenging fundamentals, including negative EBITDA of $9.28M in the last twelve months. Discover more insights and 8 additional ProTips with InvestingPro.
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