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Retractable Technologies Inc (NASDAQ:RVP) President and CEO Thomas J. Shaw reported purchasing 30,000 shares of common stock on October 8, 2025, at a price of $0.9233 per share, for a total transaction value of $27,699. The purchase comes as the stock trades near its 52-week high of $1.01, having gained over 31% in the past six months. According to InvestingPro analysis, the company appears undervalued at its current market capitalization of $28.5 million.
Following the transaction, Shaw directly owns 15,708,825 shares of Retractable Technologies Inc . He also indirectly owns 831,600 shares over which he has voting or investment control. The company maintains a strong liquidity position with a current ratio of 7.01, indicating robust short-term financial health. InvestingPro subscribers can access 8 additional key insights about RVP’s financial position and growth prospects.
In other recent news, Retractable Technologies, Inc. has announced a significant reduction in its workforce, cutting approximately 12.4% of its employees. This decision primarily impacts manufacturing and support positions within the company. The workforce reduction is anticipated to save around $1.6 million annually in wages and benefits, which accounts for about 8.6% of the company’s estimated total workforce costs. However, the company will incur one-time separation payments totaling approximately $56,000 for the affected employees. This development comes amid ongoing tariff pressures faced by the medical device manufacturer.
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