Insider Buying: Innovative Eyewear, Inc. (NASDAQ:LUCY) Major Shareholder Acquires $2,650,217.13 in Stock

Innovative Eyewear, Inc. (NASDAQ:LUCY) major shareholder Vladimir Galkin bought 297,443 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were acquired at an average price of $8.91 per share, for a total transaction of $2,650,217.13. Following the transaction, the insider now owns 785,573 shares in the company, valued at $6,999,455.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, September 23rd, Vladimir Galkin purchased 200,792 shares of Innovative Eyewear stock. The stock was bought at an average price of $9.08 per share, with a total value of $1,823,191.36.
• On Tuesday, September 17th, Vladimir Galkin sold 258,483 shares of Innovative Eyewear stock. The stock was sold at an average price of $7.27, for a total value of $1,879,171.41.

Innovative Eyewear Stock Performance

Shares of NASDAQ LUCY opened at $8.71 on Friday. Innovative Eyewear, Inc. has a 52 week low of $3.26 and a 52 week high of $27.20. The stock’s fifty day moving average is $5.19 and its 200 day moving average is $6.61.

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

About Innovative Eyewear

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.