Professional Diversity Network (NASDAQ:IPDN) Stock Price Crosses Above 50-Day Moving Average of $4.02

Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Rating) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.02 and traded as high as $4.69. Professional Diversity Network shares last traded at $4.00, with a volume of 1,621,916 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Professional Diversity Network in a research report on Thursday, May 18th. They set a “sell” rating for the company.

Professional Diversity Network Stock Performance

The business’s 50 day simple moving average is $4.02 and its two-hundred day simple moving average is $3.12.

Institutional Trading of Professional Diversity Network

A hedge fund recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC grew its stake in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Rating) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,674 shares of the information services provider’s stock after buying an additional 4,646 shares during the quarter. Geode Capital Management LLC owned approximately 0.40% of Professional Diversity Network worth $41,000 as of its most recent SEC filing. 11.27% of the stock is currently owned by institutional investors.

About Professional Diversity Network

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Professional Diversity Network, Inc operates online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse professionals. It operates through four segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), RemoteMore, and Corporate Overhead.