Vladimir Galkin Sells 258,483 Shares of Innovative Eyewear, Inc. (NASDAQ:LUCY) Stock

Innovative Eyewear, Inc. (NASDAQ:LUCY) major shareholder Vladimir Galkin sold 258,483 shares of Innovative Eyewear stock in a transaction dated 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 transaction, the insider now directly owns 420,000 shares in the company, valued at $3,053,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

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

Innovative Eyewear Stock Down 4.1 %

Shares of Innovative Eyewear stock opened at $9.62 on Thursday. Innovative Eyewear, Inc. has a 52 week low of $3.26 and a 52 week high of $27.20. The business’s fifty day simple moving average is $5.14 and its 200-day simple moving average is $6.59.

Innovative Eyewear (NASDAQ:LUCY) last posted its earnings results on Monday, August 12th. The company reported ($1.87) EPS for the quarter. The company 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.