Insider Selling: Innovative Eyewear, Inc. (NASDAQ:LUCY) Major Shareholder Sells $1,879,171.41 in Stock

Innovative Eyewear, Inc. (NASDAQ:LUCY) major shareholder Vladimir Galkin sold 258,483 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.27, for a total transaction of $1,879,171.41. Following the sale, 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 the SEC website. 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 Monday, September 23rd, Vladimir Galkin purchased 200,792 shares of Innovative Eyewear stock. The shares were purchased at an average price of $9.08 per share, with a total value of $1,823,191.36.
• On Thursday, September 19th, Vladimir Galkin acquired 297,443 shares of Innovative Eyewear stock. The shares were acquired at an average cost of $8.91 per share, with a total value of $2,650,217.13.

Innovative Eyewear Stock Down 9.5 %

NASDAQ:LUCY opened at $8.71 on Friday. The business’s 50-day moving average price is $5.19 and its two-hundred day moving average price is $6.61. Innovative Eyewear, Inc. has a twelve month low of $3.26 and a twelve month high of $27.20.

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

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.