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- Healthcare
- Medical Instruments & Supplies
- Acquired: Non-Derivative
- Transaction Overview
- Transaction Facts
- Insider's Historical Trading Activity
- Market Data Context
- Financial Health and Insider Position
- Implications and Insights
- Tables
Transaction Overview
Retractable Technologies, Inc. (RVP), operating in the Medical Instruments & Supplies industry within the Healthcare sector, witnessed a noteworthy insider transaction on January 19, 2024. Shaw Thomas J, holding the position of PRESIDENT AND CEO, executed a purchase of 3,222 shares of common stock at a price of $1.22 per share. Following this transaction, Shaw's direct ownership increased to 14,176,292 shares, with the market value of the transaction being $3,963.06.
Transaction Facts
| Transaction date | 2024-01-19 |
| Transaction code | P: Open market or private purchase of non-derivative or derivative security |
| Acquired or disposed | Acquired |
| Ownership: direct or indirect | Direct |
| Security title | Common Stock |
| Equity swap involved | No |
| Transaction shares | 3222.0 |
| Transaction price per share | $ 1.22 |
| Shares owned following transaction | 14176292.0 |
Insider's Historical Trading Activity
The insider, Shaw Thomas J, has been associated with the company since November 8, 2006, and has a history of 42 non-derivative transactions over the past year. These transactions reflect a consistent pattern of investing in the company, indicating a strong belief in its future prospects.
Market Data Context
At the time of the transaction, the ten-day average closing price was $1.16, while the fifty-day and two-hundred-day average closing prices were $1.11 and $1.23, respectively. The stock experienced a ten-day price change of 7.89%, outperforming the longer-term two-hundred-day price change, which showed a decline of -29.71%. This suggests a short-term positive trend in the stock price, potentially influenced by insider confidence and buying patterns.
Financial Health and Insider Position
Retractable Technologies, Inc. boasts a market capitalization of USD 35,625,268 and has more cash on hand (USD 43,915,984) than total debt (USD 1,680,230). Despite a negative profit margin of -3.24%, the insider transactions may signal a strategic move to capitalize on potential future improvements in the company's performance. Shaw Thomas J's position as a ten percent owner and a key officer suggests that his transactions carry significant weight in signaling insider confidence to the market.
Implications and Insights
The recent purchases by Shaw Thomas J could be interpreted as a bullish signal, given his role and stake in the company. The insider's consistent buying pattern and the recent uptick in the short-term stock performance may attract investor attention, potentially leading to increased market confidence in Retractable Technologies, Inc.
Tables
Historical trading data
- Ticker: RVP
- Showing data prior to the transaction date: Jan. 19, 2024
| 10 day | 50 day | 200 day | 52 week | |
|---|---|---|---|---|
| Close price average | $ 1.16 | $ 1.11 | $ 1.23 | $ 1.65 |
| Price high | $ 1.25 | $ 1.25 | $ 1.90 | $ 4.83 |
| Price low | $ 1.08 | $ 0.95 | $ 0.95 | $ 0.95 |
| Price change | 7.89% | 13.89% | -29.71% | -74.16% |
| Average daily volume | $ 89,389.90 | $ 80,944.14 | $ 61,021.21 | $ 61,188.57 |
Transactions by SHAW THOMAS J on the same day
- Transaction date: Jan. 19, 2024
- Ticker: RVP
- On the same day, SHAW THOMAS J has also made 1 transactions with the same issuer:
| Transaction | Action | Type | Security | Shares | Market value |
|---|---|---|---|---|---|
| 12118759 | Acquired | Non-Derivative | Common Stock | 2324.0 | $ 2,858.52 |