Baidu (BIDU) : Mondays money flow analysis of Baidu (BIDU) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $165.18 million. In comparison, the inflow of money on upticks was a meager $141.69 million. The dollar value of composite uptick trades minus the downtick trades was negative $23.49 million. The uptick to downtick ratio of 0.86 in the money flow shows weakness. The uptick block trades were valued at $3.61 million. The downtick transaction value was high at $16.76 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.22. Hence, the net money flow in the stock was negative ($13.15 million). Baidu (BIDU) gained $4.97 at $172.95, a change of 2.96% over the previous days close.
Shares of Baidu, Inc. rose by 3.91% in the last five trading days and 6.27% for the last 4 weeks. Baidu, Inc. is up 2.97% in the last 3-month period. Year-to-Date the stock performance stands at -8.51%.
Baidu (NASDAQ:BIDU): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $169.22 and $169.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $174.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $172.95, notching a gain of 2.96% for the day. The total traded volume was 3,448,610 . The stock had closed at $167.98 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.