Retractable Technologies (RVP) Sees Unusually-High Trading Volume
Retractable Technologies, Inc. (NYSEAMERICAN:RVP) shares saw strong trading volume on Thursday . 1,035,320 shares changed hands during mid-day trading, an increase of 444% from the previous session’s volume of 190,243 shares.The stock last traded at $0.69 and had previously closed at $0.65.
An institutional investor recently raised its position in Retractable Technologies stock. Renaissance Technologies LLC lifted its stake in Retractable Technologies, Inc. (NYSEAMERICAN:RVP) by 20.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 692,623 shares of the company’s stock after buying an additional 118,723 shares during the period. Renaissance Technologies LLC owned about 2.12% of Retractable Technologies worth $499,000 at the end of the most recent reporting period.
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Retractable Technologies, Inc designs, develops, manufactures, and markets safety medical products for the healthcare industry in the United States and internationally. It principally offers VanishPoint safety products comprising tuberculin, insulin, and allergy antigen syringes; autodisable syringes; IV catheters; blood collection tube holders; and blood collection sets, as well as Patient Safe products, including syringes and Luer caps.
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