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Innovative Eyewear (NASDAQ:LUCYW) Trading 17.4% Higher

Defense World ·  Apr 6, 2023 03:02

Shares of Innovative Eyewear, Inc. (NASDAQ:LUCYW – Get Rating) traded up 17.4% during mid-day trading on Wednesday . The stock traded as high as $0.28 and last traded at $0.26. 346 shares traded hands during trading, a decline of 97% from the average session volume of 11,958 shares. The stock had previously closed at $0.22.

Innovative Eyewear Stock Up 17.4 %

The stock has a 50 day moving average of $0.31 and a 200-day moving average of $0.31.

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Institutional Investors Weigh In On Innovative Eyewear

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Altium Capital Management LP bought a new stake in Innovative Eyewear during the third quarter worth about $60,000. Armistice Capital LLC purchased a new stake in shares of Innovative Eyewear in the third quarter valued at $84,000. Finally, Anson Funds Management LP bought a new stake in Innovative Eyewear during the 3rd quarter valued at about $209,000.

Innovative Eyewear Company Profile

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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.

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