Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Retractable Technologies Inc shares valued at $5,423 were purchased by SHAW THOMAS J on Nov 13 ’24. At $0.70 per share, SHAW THOMAS J acquired 7,736 shares. The insider’s holdings grew to 14,844,364 shares worth approximately $9.2 million following the completion of this transaction.
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Also, SHAW THOMAS J purchased 11,477 shares, netting a total of over 8,151 in proceeds. Following the buying of shares at $0.71 each, the insider now holds 14,836,628 shares.
Before that, SHAW THOMAS J had added 9,658 shares to its account. In a trade valued at $6,876, the PRESIDENT AND CEO bought Retractable Technologies Inc shares for $0.71 each. Upon closing the transaction, the insider’s holdings increased to 9,658 shares, worth approximately $9.19 million.
Analyzing RVP Stock Performance
During the last five days, there has been a surge of approximately 4.90%. Over the course of the year, Retractable Technologies Inc shares have dropped approximately -44.59%. Shares of the company reached a 52-week high of $1.3400 on 02/22/24 and a 52-week low of $0.5649 on 11/18/24. A 50-day SMA is recorded $0.7201, while a 200-day SMA reached $1.0035. Nevertheless, trading volume fell to 55600.0 shares from 42900.0 shares the previous day.
Support And Resistance Levels for Retractable Technologies Inc (RVP)
According to the 24-hour chart, there is a support level at 0.6034, which, if violated, would cause prices to drop to 0.5918. In the upper region, resistance lies at 0.6353. The next price resistance is at 0.6556. RSI (Relative Strength Index) is 34.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0175, which suggests the price will decrease in the coming days. Percent R is at 71.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
