US stock futures dip as Nvidia earnings spark little cheer
Thomas J. Shaw, President and CEO of Retractable Technologies Inc (NYSE:RVP), acquired 5,339 shares of the company’s common stock on July 31, 2025, at a price of $0.7147 per share, for a total transaction value of $3,815. The purchase comes as the stock trades at $0.72, with a market capitalization of $21.6 million. According to InvestingPro analysis, RVP’s shares are currently trading below their Fair Value, despite showing a strong 4% return over the past week.
Following the transaction, Shaw directly owns 15,496,757 shares of Retractable Technologies Inc. He also indirectly owns 831,600 shares over which he has voting or investment control. InvestingPro data reveals the company maintains a healthy current ratio of 6.7, with more cash than debt on its balance sheet. Subscribers can access 7 additional key insights about RVP’s financial health and market position.
In other recent news, Retractable Technologies, Inc. announced a significant reduction in its workforce by approximately 12.4%, primarily affecting manufacturing and support positions. This move is expected to save the company around $1.6 million annually in wages and benefits, although these savings will be partially offset by one-time separation payments totaling about $56,000. Additionally, Retractable Technologies has appointed a new independent registered public accounting firm following a merger involving its previous auditor. Moss Adams LLP, the former auditor, merged with Baker Tilly US, LLP, resulting in Moss Adams’ resignation. The Audit Committee of Retractable Technologies’ Board of Directors has approved Baker Tilly as the new auditor. The audit reports provided by Moss Adams for the fiscal years ending December 31, 2023, and 2024, were not subject to any adverse opinions or disclaimers, and there were no disagreements regarding accounting principles or audit procedures. These developments reflect the company’s ongoing adjustments in response to operational and administrative changes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.