S&P 500 jumps as AMD rally leads tech higher
Retractable Technologies Inc (NASDAQ:RVP), a small-cap company with a market value of $23.59 million, saw its President and CEO Shaw Thomas J. report purchasing 3,000 shares of common stock on September 3, 2025. The shares were bought at a price of $0.782, totaling $2346. The purchase comes as the company maintains a strong balance sheet with more cash than debt, though InvestingPro analysis indicates rapid cash burn in recent quarters.
Following the transaction, Shaw directly owns 15,653,825 shares of Retractable Technologies Inc . He also indirectly owns 831,600 shares over which he has voting or investment control
In other recent news, Retractable Technologies, Inc. has made significant changes in its workforce and auditing arrangements. The company announced a 12.4% reduction in its workforce, primarily affecting manufacturing and support roles, in response to tariff pressures. This workforce reduction is expected to save approximately $1.6 million annually in wages and benefits, although there will be one-time separation payments totaling around $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, prompting the resignation of Moss Adams. The company’s Audit Committee has approved Baker Tilly as the new auditor, with no adverse opinions or disagreements noted in the previous audit reports by Moss Adams. These developments reflect the company’s ongoing adjustments in response to external pressures and internal changes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.