🔴 Prodia Diagnostic Line is trading 11.5% down today on profit-taking after a sharp post-IPO rally

Prodia Diagnostic Line is trading at IDR 386, down 11.5% today as the stock undergoes a price-action reversal following its recent market debut.

• The decline follows an extremely strong post-IPO surge over the past week, suggesting a period of normalization for the share price.
• There is no fresh company-specific news driving the move, indicating the drop is likely fueled by investors locking in profits after rapid gains since its July IPO.