Baidu (BIDU) : The total money flow in Baidu (BIDU) was negative ($14.71 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $97.59 million. In comparison, the inflow of money into the stock on upticks was $82.88 million. The uptick to downtick ratio was 0.85. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $11.68 million. The negative money flow of ($11.68 million) confirms the selling in Baidu (BIDU) on strength. Baidu (BIDU) gained $1.8 at $175.45, a gain of 1.04% over the previous days close. However, the stock registered 1.14% in the week.
Also, In a research note released to the investors, Citigroup maintains its rating on Baidu (NASDAQ:BIDU).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $180 per share to $179 per share. The rating by the firm was issued on July 25, 2016.
Shares of Baidu, Inc. rose by 1.13% in the last five trading days and 7.49% for the last 4 weeks. Baidu, Inc. has dropped 0.61% during the last 3-month period . Year-to-Date the stock performance stands at -7.19%.
Baidu (NASDAQ:BIDU): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $174.23 and $173.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $177.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $175.45, notching a gain of 1.04% for the day. The total traded volume was 1,947,510 . The stock had closed at $173.65 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.