Tariffs Finalized on Chinese Imports
Retractable Technologies, Inc. (RVP)
NASDAQ:AMEX Investor Relations:
retractable.com/investor_relations
Company Research
Source: Business Wire
LITTLE ELM, Texas--(BUSINESS WIRE)--Retractable Technologies, Inc. (NYSE American: RVP) announces that on September 13, 2024, the Office of the United States Trade Representative (“USTR”) revealed final adjustments to tariffs placed on Chinese imported syringes and needles.Despite initially proposing a 50% rate, the USTR set the tariff at 100% effective September 27, 2024. Retractable’s competitor, Becton, Dickinson and Company (“BD”), requested an increase to “the maximum tariff level available” in its comment letter to the USTR.For the first half of 2024, our net revenues were $13.6 million with operating losses amounting to $8.7 million and 91% of our products were sourced from China. The new tariffs are expected to considerably increase our costs and there is insufficient time for us to adapt before the September 27, 2024 effective date. Although the USTR said “that syringes and needles are critical to U.S. preparedness in responding to public health emergencies” and emphasize
Show less
Read more
Impact Snapshot
Event Time:
RVP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RVP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RVP alerts
High impacting Retractable Technologies, Inc. news events
Weekly update
A roundup of the hottest topics
RVP
News
- Retractable Technologies, Inc. (NYSE: RVP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Retractable Technologies reports Q3 results [Seeking Alpha]Seeking Alpha
- Retractable Technologies, Inc. Results for the Periods Ended September 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Retractable Technologies, Inc. Results for the Periods Ended September 30, 2024Business Wire
- Retractable Technologies, Inc. (NYSE: RVP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
RVP
Sec Filings
- 11/14/24 - Form 8-K
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 4
- RVP's page on the SEC website