Baidu (BIDU) has been under a strong bear grip, hence the stock is down -4.15% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.34% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.84% in the last 1 week, and is up 0.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 0.24% and the 50-Day Moving Average is 2.88%.
Baidu (NASDAQ:BIDU): The stock opened at $164.86 on Friday but the bulls could not build on the opening and the stock topped out at $165.26 for the day. The stock traded down to $161.85 during the day, due to lack of any buying support eventually closed down at $162.74 with a loss of -1.28% for the day. The stock had closed at $164.85 on the previous day. The total traded volume was 2,378,125 shares.
Institutional Investors own 62.37% of Baidu shares.
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.