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Professional Diversity Network announces $2M buyback

02:35pm, Monday, 31'st Jan 2022 Seeking Alpha
Professional Diversity Network (IPDN) to repurchase of up to $2M stock in open market or in privately negotiated transactions.The repurchase program will be funded using the
Professional Diversity Network (IPDN) stock is rising 4.2% premarket Monday after the board approved the repurchase of up to $2M worth of its outstanding common stock.The repurchase will
Professional Diversity Network Inc (IPDN) shares closed 1.5% lower than its previous 52 week low, giving the company a market cap of $13M. The stock is currently down 5.6% year-to-date, down 56.3% over the past 12 months, and down 90.9% over the past five years. This week, the Dow Jones Industrial Average fell 0.5%, and the S&P 500 fell 1.7%. Trading Activity Trading volume this week was 75.3% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.9. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought.The stock closed at 8.4% lower than its 5-day moving average, 12.0% lower than its 20-day moving average, and 29.3% lower than its 90-day moving average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 145.8% The company's stock price performance over the past 12 months lags the peer average by -234.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.
CHICAGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), (IPDN or the Company), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended September 30, 2021.
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CHICAGO, Sept. 03, 2021 (GLOBE NEWSWIRE) -- The International Association of Women, a business unit of Professional Diversity Network, Inc., hosted a successful virtual summit on August 28th. On the h
Chicago, IL, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), (“IPDN” or the “Company”), a global developer and operator of online and in-person networks t
CHICAGO, July 15, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), (“IPDN” or the “Company”), a global developer and operator of online and in-person networks that

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Professional Diversity Network, Inc. (NASDAQ: IPDN), inked agreements to raise $2.5 million from the sale of shares at $1.70 per share in an institutional offering. The offer price signifies a 19.8%
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CHICAGO, March 26, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN), (“PDN” or the “Company”), a developer and operator of online and in-person networks that provid
CHICAGO, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN), (“PDN” or the “Company”), a developer and operator of online and in-person networks that provide
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