Large Outflow of Money Witnessed in Baidu

Baidu (BIDU) : Money flow in the Baidu (BIDU) stock was negative (9.07 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $91.38 million, compared to $100.44 million on downticks. The total uptick to downtick ratio was 0.91, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($12.54 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $12.54 million, indicating persistent selling. Baidu (BIDU) traded $2.05 higher at $164.79 gaining 1.26% over the previous days close.


Baidu, Inc. has dropped 14.59% during the last 3-month period . Year-to-Date the stock performance stands at -12.83%. Baidu, Inc. has lost 1.34% in the last five trading days and dropped 0.44% in the last 4 weeks.

Baidu (NASDAQ:BIDU): stock turned positive on Monday. Though the stock opened at $162.74, the bulls momentum made the stock top out at $165.01 level for the day. The stock recorded a low of $160.75 and closed the trading day at $164.79, in the green by 1.26%. The total traded volume for the day was 2,327,005. The stock had closed at $162.74 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, 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.

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