Baidu (BIDU) has risen sharply, recording gains of 8.69% in the past 4 weeks. However, the stock has corrected -2.29% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.87% and the fifty day Moving Average is 4.98%. Baidu, Inc. has dropped 6.24% during the last three month period . Year-to-Date the stock performance stands at -8.24%.
Baidu (BIDU) : 6 Wall Street analysts covering Baidu (BIDU) believe that the average level the stock could reach for the short term is $188.5. The maximum price target given is $198 and the minimum target for short term is around $180, hence the standard deviation is calculated at $7.84.
Baidu (NASDAQ:BIDU): stock turned positive on Friday. Though the stock opened at $172.85, the bulls momentum made the stock top out at $175.6 level for the day. The stock recorded a low of $172.07 and closed the trading day at $173.47, in the green by 0.36%. The total traded volume for the day was 1,439,878. The stock had closed at $172.85 in the previous days trading.
Baidu, Inc. (Baidu) is a Chinese-language Internet search provider (ISP). Baidu serves three types of online participants, which include users, customers and Baidu Union Members. The Company offers a Chinese-language search platform on its Website, Baidu.com. It provides Chinese-language Internet search services to enable users to find relevant information online, including Web pages, news, images, documents and multimedia files, through links provided on its Websites. It designs and delivers its online marketing services primarily on its Baidu.com Website to its online marketing customers. As of December 31, 2014 the Company had approximately 813,000 active online marketing customers. Its online marketing customers consist of small and medium enterprises (SMEs) throughout China, domestic companies and Chinese divisions or subsidiaries of multinational companies.