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Why Professional Diversity Network Inc (IPDN) stock was high in Monday’s aftermarket?

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Shares of Professional Diversity Network Inc (IPDN) stock were high in yesterday’s aftermarket session after falling as much as 5.03% at the previous closing. IPDN price saw a push of 3.31% to reach $1.56 a share in the late hours of Monday on April 19, 2021. Let’s find out the reason behind this bull.

What’s happening?

It seems that the rising stock price has nothing to do with any story related to the IPDN stock. We find no signs analysts upgrades upswing targeted per share price of IPDN. Social media hype doesn’t support this stock. So, individuals looking for some news related to IPDN need to think out of the box to understand the reality of IPDN stock. For convenience, here are some past activities of IPDN.

Past Activities by IPDN stock:

On April 1, 2021, IPDN stock did announce the launch of a fully integrated job board known as Kappa Alpha Psi Fraternity, Inc. (ΚΑΨ) job board, which is located in ΚΑΨ’s website. This job board is easy to access and initially launched for the 170,000 initiated members of ΚΑΨ. The ΚΑΨ  job board would create a wide range of opportunities regarding career for the ΚΑΨ  members.

On March 26, 2021, IPDN signed the stock purchase agreement with RemoteMore USA, Inc., a remote hiring marketplace services provider for companies and developers, in order to acquire interests in RemoteMore. The transaction is expected to close in the second quarter of 2021 after meeting the specific closing conditions. IPDN stock would be the largest shareholder of the RemoteMore after the completion of the transaction and would have a significant influence on its operations.

About Professional Diversity Network Inc:

  • Professional Diversity Network Inc is developing as well as operating the online network communities in order to provide a diverse range of resources in the United States.
  • IPDN stock is mainly working on two segments. One is Professional Diversity Network (PDN Network) and the other is the National Association of Professional Women (NAPW Network).
  • PDN provides recruitment services in a wide range of fields along with research and outreach services to employers and cultural groups.
  • PDN, Inc was founded in 2003 and is headquartered in Chicago, Illinois.

Conclusion:

The penny IPDN stock happened to be green in the late hours of yesterday despite no recent story related to IPDN stock. Such rise and falls don’t last for long but exact prediction can’t be possible in the stock market as it is very uncertain. Hence individuals eying on IPDN need to do a lot of research before making any decision.

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