Intel stock extends gains after report of possible U.S. government stake
Retractable Technologies (NASDAQ:RVP) President and CEO Thomas J. Shaw acquired 2,100 shares of common stock on August 11, 2025, at a price of $0.8118 per share. The stock, which has surged nearly 12% over the past week to $0.83, appears undervalued according to InvestingPro analysis. The company, currently valued at $25 million, maintains a strong liquidity position with a current ratio of 6.7x, though it faces profitability challenges.
The transaction, which totaled $1704, increased Shaw’s direct holdings to 15,580,854 shares of Retractable Technologies. Shaw also indirectly holds 831,600 shares, where he has investment power over 500,000 shares as Trustee for the benefit of a family member and voting control over the remainder of the shares pursuant to a voting agreement. Want deeper insights into insider trading patterns and 8 additional key metrics? InvestingPro subscribers get exclusive access to comprehensive financial analysis and real-time alerts.
In other recent news, Retractable Technologies, Inc. announced a significant workforce reduction, cutting approximately 12.4% of its employees, primarily in manufacturing and support roles. This move is anticipated to save the company around $1.6 million annually in wages and benefits, though it will incur a one-time cost of $56,000 in separation payments to affected employees. In another development, Retractable Technologies has appointed a new independent auditor, Baker Tilly US, LLP, following a merger involving its previous auditor, Moss Adams LLP. The merger led to Moss Adams resigning, and the Audit Committee of Retractable Technologies’ Board of Directors approved Baker Tilly as the replacement. The audit reports from Moss Adams for the fiscal years ending December 31, 2023, and 2024, and the three-year period ending December 31, 2024, were free of adverse opinions or disclaimers. There were no disagreements on accounting principles or auditing procedures between Retractable Technologies and Moss Adams during these periods. These recent developments highlight the company’s ongoing adjustments in its operational and financial strategies.
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