Business Context and Reporting Period
Company: Retractable Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: December 3, 2015 (Event Date); Signed December 11, 2015
Context: The filing addresses a discrepancy in stock trading data reported by third-party financial information sources.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on correcting market data errors.
Material Changes and Discrepancies
The company identified a material error in stock price reporting by Yahoo! Finance for December 3, 2015, compared to official NYSE.com data:
- Yahoo! Finance Reported: Opening, Low, High, and Closing price of $2.50 per share; Volume of 1,044,900 shares. This resulted in an inaccurate 52-week low of $2.50.
- NYSE.com Reported: Opening, Low, High, and Closing price of $3.53 per share.
Management Commentary and Risks
Management explicitly states that Yahoo! Finance has issued inaccurate information and may not be a reliable source for trading information regarding Retractable Technologies, Inc. stock. No other risks, contingencies, or unusual items were disclosed in this report.
Investor Verification Checklist
- Verify current stock prices and historical data directly through NYSE.com or official exchange sources rather than third-party aggregators.
- Confirm that the 52-week low price is not $2.50, as reported erroneously by Yahoo! Finance.
- Review the official closing price of $3.53 for December 3, 2015, for accurate historical record-keeping.