Baidu (NASDAQ:BIDU) : Money flow in the Baidu (NASDAQ:BIDU) stock was negative (27.61 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $91.71 million, compared to $119.32 million on downticks. The total uptick to downtick ratio was 0.77, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($22.4 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $22.4 million, indicating persistent selling. Baidu (NASDAQ:BIDU) traded $4 higher at $164.41 gaining 2.49% over the previous days close.
Institutional Investors own 62.25% of Baidu shares.
The company shares have dropped -19.27% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $217.97 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $168.00 and the 200 Day Moving Average price is recorded at $175.20. Baidu (NASDAQ:BIDU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $163.10 and $162.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $166.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $164.41, notching a gain of 2.49% for the day. The total traded volume was 2,468,274 . The stock had closed at $160.41 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.