Thomas J. Shaw, the President and CEO of Retractable Technologies Inc. (NYSE:RVP), recently acquired additional shares of the company's stock. According to a filing with the Securities and Exchange Commission, Shaw purchased 6,293 shares on December 5, 2024, at an average price of $0.6202 per share. The total value of the transaction was approximately $3,902. The purchase comes as the stock trades near its 52-week low of $0.56, having declined 47% over the past six months, according to InvestingPro data.
Following this transaction, Shaw's direct ownership in the company increased to 14,881,537 shares. Additionally, Shaw holds indirect ownership of 831,600 shares, with investment power over 500,000 shares as a trustee for a family member and voting control over the remaining shares through a voting agreement. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 8.57, indicating robust short-term financial health despite recent market challenges.
This purchase was made under a Rule 10b5-1 trading plan, which was adopted on August 22, 2024, allowing Shaw to schedule trades in advance. For deeper insights into RVP's financial health and additional trading signals, InvestingPro subscribers have access to over 8 more key insights and real-time metrics.
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