Why Is Professional Diversity Network (IPDN) Stock Down 22% Today?

The fall of IPDN stock comes with more than 2.5 million shares traded in what appears to be a selloff. Investors will note that the company's daily average trading volume is below that at about 98,000 shares. It's also worth mentioning that its float is 6.97 million units. While there's no clear news to explain today's movement, it could be tied to other news in the space. That includes a report on Disney's (NYSE:DIS) alleged diversity, equity and inclusion (DEI) practices. A video covering this was posted ...