Baidu (BIDU) : The total money flow in Baidu (BIDU) was negative ($7.5 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $79.92 million. Transactions on upticks were comparatively lower at $72.43 million. The uptick to downtick ratio was 0.91. The total block trades done on upticks were valued at $5.91 million. The total block trades on downticks were valued at $4.63 million. The uptick to the downtick ratio of block trades was 1.28. The money flow during block trades was negative ($1.28 million) when the stock traded with a gain of $152 cent. Baidu (BIDU) was $178.07, an increase of 0.86% over the previous days close.
Institutional Investors own 63.53% of Baidu shares.
Baidu (NASDAQ:BIDU): The stock opened at $178 and touched an intraday high of $179.68 on Friday. During the day, the stock corrected to an intraday low of $177.19, however, the bulls stepped in and pushed the price higher to close in the green at $177.78 with a gain of 0.70% for the day. The total traded volume for the day was 2,139,586. The stock had closed at $176.55 in the previous trading session.
Baidu (BIDU) : Traders are bullish on Baidu (BIDU) as it has outperformed the S&P 500 by a wide margin of 6.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.48% in the last 1 week, and is up 6.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.