Shares of Baidu slid 7.48% to $222.29 at 14:44 EST on Monday, after two consecutive sessions in a row of gains. NASDAQ Composite is falling 1.11% to $13,055.90, after two sequential sessions in a row of gains. This seems, up to now, an all-around negative trend trading session today.
Baidu’s last close was $240.25, 12.01% under its 52-week high of $248.98.
News about Baidu today
Baidu announces plan to establish an Intelligent EV company and form strategic partnership with geely. According to today’s article on Business Insider, "All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law."
Baidu to partner with geely to manufacture Intelligent EVs. According to today’s article on Business Insider, "China’s search engine Baidu Inc. (BIDU) said that it plans to form a company to manufacture intelligent electric vehicles or EV and will collaborate with multinational auto manufacturer Zhejiang Geely Holding Group."
Baidu taps geely as electric-vehicle partner. According to today’s article on MarketWatch, "The web-search and artificial-intelligence company Baidu , often described as China’s answer to Google, has selected Geely as its automotive-industry partner for a long-anticipated move into electric vehicles. "
Baidu’s sales growth is 12.5% for the ongoing quarter and 25% for the next. The company’s growth estimates for the present quarter is a negative 29% and positive 47.6% for the next.
Baidu’s last day, last week, and last month’s average volatility was 15.57%, 2.30%, and 2.54%, respectively.
Baidu’s last day, last week, and last month’s high and low average amplitude percentage was 10.55%, 5.81%, and 5.86%, respectively.
Baidu’s Stock Yearly Top and Bottom Value
Baidu’s stock is valued at $222.29 at 14:44 EST, way under its 52-week high of $248.98 and way above its 52-week low of $82.00.
Baidu’s Moving Average
Baidu’s value is way higher than its 50-day moving average of $175.37 and way above its 200-day moving average of $138.73.
Previous days news about Baidu
China’s Baidu teams with geely on electric cars. According to Bloomberg Quint on Friday, 8 January, "Geely’s shares soared as much as 10% in Hong Kong, while Baidu gained 2% in New York. "