Retractable Technologies, Inc. (NYSEMKT:RVP) insider Thomas J. Shaw bought 2,000,000 shares of the business’s stock in a transaction on Thursday, January 12th. The stock was bought at an average price of $0.89 per share, for a total transaction of $1,780,000.00. Following the completion of the purchase, the insider now directly owns 12,065,642 shares of the company’s stock, valued at approximately $10,738,421.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Retractable Technologies, Inc. (NYSEMKT:RVP) opened at 0.9068 on Friday. Retractable Technologies, Inc. has a 1-year low of $0.88 and a 1-year high of $3.12. The firm has a 50-day moving average price of $1.21 and a 200-day moving average price of $2.21. The company’s market capitalization is $26.89 million.

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About Retractable Technologies

Retractable Technologies, Inc designs, develops and manufactures safety medical products for the healthcare industry. The Company markets VanishPoint and PatientSafe products. The VanishPoint products are designed specifically to prevent needle stick injuries and to prevent reuse. The VanishPoint safety products include tuberculin, insulin and allergy antigen VanishPoint syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL and 10mL VanishPoint syringes, and the VanishPoint autodisable syringe.

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