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 the company’s stock in a transaction 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 completion of the transaction, the insider now owns 420,000 shares of the company’s stock, valued at $3,053,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Innovative Eyewear Price Performance

Shares of Innovative Eyewear stock traded up $1.15 during midday trading on Tuesday, reaching $10.20. 220,424 shares of the company’s stock traded hands, compared to its average volume of 1,204,185. The stock has a 50 day moving average of $5.06 and a 200-day moving average of $6.55. Innovative Eyewear, Inc. has a 12 month low of $3.26 and a 12 month high of $27.20.

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

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.