Baidu (BIDU) Shares are Down -5.03%

Baidu (BIDU) has risen sharply, recording gains of 2.41% in the past 4 weeks. However, the stock has corrected -5.03% 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 2.97% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.27% and the 50-Day Moving Average is 3.8%.The 200 Day SMA reached 4.47%


Baidu (NASDAQ:BIDU): The stock opened in the green at $183.95 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $184.63 and a low of $180.63 for the day. The stock did not find buyers even at the lows and closed at $182.07 recording a loss of -0.09%. 2,183,724 shares exchanged hands during the trading day. The stock had closed at $182.07 in the previous days trading.

Baidu (BIDU) : The most positive equity analysts on Baidu (BIDU) expects the shares to touch $205, whereas, the least positive believes that the stock will trade at $164 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $190 with an expected fluctuation of $13.21 from the mean.

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, 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 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *