Insider Buying: Innovative Eyewear, Inc. (NASDAQ:LUCY) Major Shareholder Acquires 200,792 Shares of Stock

Innovative Eyewear, Inc. (NASDAQ:LUCY - Get Free Report) major shareholder Vladimir Galkin purchased 200,792 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The stock was bought at an average cost of $9.08 per share, with a total value of $1,823,191.36. Following the completion of the purchase, the insider now owns 1,000,000 shares of the company's stock, valued at $9,080,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 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 Thursday, September 19th, Vladimir Galkin purchased 297,443 shares of Innovative Eyewear stock. The shares were purchased at an average price of $8.91 per share, for a total transaction of $2,650,217.13.
• 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 Stock Performance

Shares of LUCY stock traded down $0.91 on Thursday, reaching $8.71. The stock had a trading volume of 279,633 shares, compared to its average volume of 1,195,131. Innovative Eyewear, Inc. has a 1 year low of $3.26 and a 1 year high of $27.20. The company has a 50 day simple moving average of $5.14 and a 200 day simple moving average of $6.59.

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

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.