Innovative Eyewear, Inc. (NASDAQ:LUCY) Major Shareholder Vladimir Galkin Purchases 297,443 Shares

Innovative Eyewear, Inc. (NASDAQ:LUCY) major shareholder Vladimir Galkin bought 297,443 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $8.91 per share, with a total value of $2,650,217.13. Following the acquisition, the insider now directly owns 785,573 shares of the company’s stock, valued at approximately $6,999,455.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% 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 acquired 200,792 shares of Innovative Eyewear stock. The stock was bought at an average cost 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 transaction of $1,879,171.41.

Innovative Eyewear Trading Down 9.5 %

Shares of 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 has a fifty day moving average of $5.19 and a 200-day moving average of $6.61.

Innovative Eyewear (NASDAQ:LUCY) last posted 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%.

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.