Professional Diversity Network (NASDAQ:IPDN) Stock Price Crosses Below 200-Day Moving Average of $1.74

Professional Diversity Network, Inc. (NASDAQ:IPDN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.74 and traded as low as $1.28. Professional Diversity Network shares last traded at $1.28, with a volume of 105,214 shares changing hands.

The firm has a 50-day moving average price of $1.38 and a two-hundred day moving average price of $1.74.

Several large investors have recently bought and sold shares of IPDN. Geode Capital Management LLC acquired a new stake in shares of Professional Diversity Network in the first quarter valued at approximately $82,000. Morgan Stanley acquired a new stake in shares of Professional Diversity Network in the first quarter valued at approximately $226,000. Virtu Financial LLC acquired a new stake in shares of Professional Diversity Network in the first quarter valued at approximately $79,000. State Street Corp acquired a new stake in shares of Professional Diversity Network in the second quarter valued at approximately $38,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Professional Diversity Network in the second quarter valued at approximately $66,000. 1.99% of the stock is owned by hedge funds and other institutional investors.

About Professional Diversity Network (NASDAQ:IPDN)

Professional Diversity Network, Inc is a holding company, which engages in the development and operation of online network. It operates through the following segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and Corporate Overhead. The PDN Network segment consists of online professional networking communities with career resources tailored to the needs of various cultural groups.

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