Thomas J. Shaw, President and CEO of Retractable Technologies Inc. (NYSE:RVP), recently purchased 20,111 shares of the company's common stock. The shares were acquired at an average price of $0.6152 per share, amounting to a total transaction value of approximately $12,372. This insider purchase comes as the stock has declined about 44% year-to-date, with InvestingPro data showing significant price volatility with a beta of 2.06. Following this acquisition, Shaw holds a direct ownership of 14,875,244 shares. Additionally, he has indirect control over 831,600 shares, including 500,000 shares held in trust for a family member. The transactions were part of a Rule 10b5-1 plan, which was adopted on August 22, 2024. While the company maintains strong liquidity with a current ratio of 8.57, InvestingPro subscribers can access additional insights on insider trading patterns and 7 more key financial tips.
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