The market has been down on Professional Diversity Network, Inc. (IPDN) stock recently. IPDN gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With IPDN Stock Today?
Professional Diversity Network, Inc. (IPDN) stock is trading at $3.30 as of 10:02 AM on Monday, Mar 1, an increase of $0.53, or 19.13% from the previous closing price of $2.77. The stock has traded between $3.06 and $3.82 so far today. Volume today is less active than usual. So far 405,181 shares have traded compared to average volume of 1,126,256 shares.
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More About Professional Diversity Network, Inc.
Professional Diversity Network Inc is an operator of professional networks. It has two operating segments: Professional Diversity Network (PDN) segment which includes online professional networking communities with career resources for diverse cultural groups and employers looking to hire members; National Association of Professional Women (NAPW) segment is a women-only professional networking organization; and China operations that focuses on providing products and services which assist women, students and business professionals in personal and professional development. The company's majority of the revenue is derived from the NAPW network segment.
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