Baidu (BIDU) : Net money flow in Baidu (BIDU) was negative ($5.54 million) and the inflow of money on uptick was $90.84 million, whereas, the outflow of money on downticks amounted to $96.38 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.94. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $4.25 million. On the other hand, the total value of block trades done on downticks was $5.84 million. The ratio of uptick to downtick block trades was 0.73. The money flow in block trades was negative ($1.59). Baidu (BIDU) gained $1.86 cent during the day and reached $163.42, a gain of 1.15% over the previous day.
Baidu (BIDU) : The highest short term price target forecast on Baidu (BIDU) is $223 and the lowest target price is $182. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $205.57 with a standard deviation of $16.56. The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 3.91%.
Baidu (NASDAQ:BIDU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $162.50 and $161.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $165.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $163.42, notching a gain of 1.15% for the day. The total traded volume was 2,013,860 . The stock had closed at $161.56 on the previous day.
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.