Professional Diversity Network, Inc. (IPDN) Files Form 4 Insider Selling : Matthew B. Proman Sells 3,055,000 Shares

Professional Diversity Network, Inc. (IPDN): Matthew B. Proman , 10% owner of Professional Diversity Network, Inc. sold 3,055,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $0.60 per share for a total value of $1,833,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 10, 2015, James R Kirsch (CEO) purchased 8,000 shares at $0.85 per share price.On Sep 9, 2015, David Mecklenburger (CFO) purchased 1,500 shares at $0.75 per share price.Also, On May 26, 2015, Star Jones (President) purchased 1,500 shares at $2.84 per share price.

Professional Diversity Network Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Professional Diversity Network Inc which led to swings in the share price. The shares opened for trading at $0.5601 and hit $0.568 on the upside , eventually ending the session at $0.551, with a gain of 1.85% or 0.01 points. The heightened volatility saw the trading volume jump to 23,004 shares. The 52-week high of the share price is $3.0899 and the company has a market cap of $8 M . The 52-week low of the share price is at $0.1949.

Professional Diversity Network Inc Money Flow Index Chart

Professional Diversity Network Inc. operates online professional networking communities with career resources specifically tailored to the needs of different diverse cultural groups including women Hispanic-Americans African-Americans Asian-Americans disabled military professionals lesbians gay bisexual and transgender (LGBT) and students and graduates. The Company is both the operator of the Professional Diversity Network (PDN) and a holding company for NAPW Inc. a wholly owned subsidiary of the Company and the operator of the National Association of Professional Women (the NAPW Network or NAPW) as well as Noble Voice LLC and Compliant Lead LLC each of which is a wholly owned subsidiary of the Company and together provide career consultation services. It has three segments: PDN Network NAPW Network and Noble Voice operations.

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