Shares of Baidu rose by a staggering 15.57% to $240.25 at 16:39 EST on Friday, following last session’s upward trend. NASDAQ Composite is rising 1.03% to $13,201.98, following last session’s upward trend, This seems, up to now, an all-around positive trend trading session today.
Baidu’s last close was $207.89, 0.10% below its 52-week high of $240.00.
News about Baidu today
China’s Baidu teams with geely on electric cars. According to today’s article on Bloomberg Quint, "Geely’s shares soared as much as 10% in Hong Kong, while Baidu gained 2% in New York. "
Baidu’s sales growth is 12.7% for the current quarter and 25.3% 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 a positive 1.92%, a negative 1.12%, and a positive 1.82%, respectively.
Baidu’s last day, last week, and last month’s high and low average amplitude percentage was 4.45%, 4.86%, and 5.47%, respectively.
Baidu’s Stock Yearly Top and Bottom Value
Baidu’s stock is valued at $240.25 at 16:39 EST, higher than its 52-week high of $240.00.
Baidu’s Moving Average
Baidu’s worth is way above its 50-day moving average of $171.04 and way higher than its 200-day moving average of $137.65.
Previous days news about Baidu
EV dreams power Baidu but May not last. According to The Wall Street Journal on Thursday, 7 January, "It makes sense for Baidu to consider making its own cars, especially when investors are paying attention to anything and everything EV-related. "
Chinese tech giant Baidu is seeking to raise $3.5 billion in a Hong Kong stock listing, report says. According to Business Insider on Thursday, 7 January, "In 2017, Baidu established an autonomous driving unit called Apollo that has worked with established carmakers like Ford. ", "However, Baidu will face stiff competition in an already stacked Chinese EV market. "