Baidu (BIDU) has risen sharply, recording gains of 1.11% in the past 4 weeks. However, the stock has corrected -1.14% in the past 1 week, providing a good buying opportunity on dips. Baidu (BIDU) : During the past 4 weeks, traders have been relatively bearish on Baidu (BIDU), hence the stock is down -5.29% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.75% relative to the S&P 500.
Baidu (NASDAQ:BIDU): The stock opened at $162.06 on Friday but the bulls could not build on the opening and the stock topped out at $162.64 for the day. The stock traded down to $160.45 during the day, due to lack of any buying support eventually closed down at $160.88 with a loss of -0.32% for the day. The stock had closed at $161.40 on the previous day. The total traded volume was 1,595,283 shares.
The stock has recorded a 20-day Moving Average of 1.11% and the 50-Day Moving Average is 3.4%. Baidu, Inc. has dropped 15.66% during the last 3-month period . Year-to-Date the stock performance stands at -14.9%.
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.