Thomas J. Shaw, the President and CEO of Retractable Technologies Inc. (AMEX:RVP), recently acquired 18,411 shares of the company's common stock. The purchase, valued at approximately $14,270, was executed at a weighted average price of $0.7751 per share on January 6, 2025. The stock has shown significant momentum with an 8.3% return over the past week, though InvestingPro data indicates high price volatility with a beta of 1.94. This transaction increases Shaw's direct ownership to 14,947,978 shares. Additionally, Shaw holds indirect control over 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. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 8.57 and operates with moderate debt levels. Get access to 6 more exclusive InvestingPro Tips and comprehensive insider trading analysis with an InvestingPro subscription.
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