Insider Selling: Innovative Eyewear, Inc. (NASDAQ:LUCY) Major Shareholder Sells 258,483 Shares of Stock

Innovative Eyewear, Inc. (NASDAQ:LUCY) major shareholder Vladimir Galkin sold 258,483 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.27, for a total value of $1,879,171.41. Following the transaction, the insider now directly owns 420,000 shares in the company, valued at approximately $3,053,400. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Vladimir Galkin also recently made the following trade(s):

• On Thursday, September 19th, Vladimir Galkin purchased 297,443 shares of Innovative Eyewear stock. The shares were acquired at an average cost of $8.91 per share, for a total transaction of $2,650,217.13.

Innovative Eyewear Stock Performance

Shares of LUCY stock opened at $9.62 on Thursday. Innovative Eyewear, Inc. has a fifty-two week low of $3.26 and a fifty-two week high of $27.20. The company has a 50 day moving average price of $5.14 and a 200 day moving average price of $6.59.

Innovative Eyewear (NASDAQ:LUCY) last posted its quarterly earnings data on Monday, August 12th. The company reported ($1.87) earnings per share for the quarter. The company had revenue of $0.31 million for the quarter. Innovative Eyewear had a negative return on equity of 128.67% and a negative net margin of 513.65%.

Innovative Eyewear Company Profile

Innovative Eyewear, Inc develops and sells smart eyeglasses and sunglasses. The company's flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice.