Shares of Baidu rose 6.19% to $153.96 at 11:05 EST on Wednesday, after two sequential sessions in a row of gains. The Nasdaq Stock Market is dropping 0.06% to $12,575.30, after four successive sessions in a row of gains, on what as yet seems, a somewhat rough trend trading session today.
Baidu’s last close was $144.99, 0.53% under its 52-week high of $154.78.
News about Baidu today
Baidu upped to buy at UBS and price target hiked to $190. According to today’s article on MarketWatch, “Baidu management also is more likely to take action to realize value for its other businesses, such as autonomous driving, cloud and smart speakers, via stock listings, selling/spinning assets and buybacks.”
Baidu’s sales growth is 11.4% for the present quarter and 23.3% for the next. The company’s growth estimates for the present quarter is a negative 30.9% and positive 31% for the next.
Baidu’s Stock Top and Bottom Yearly Value
Baidu’s stock is valued at $153.96 at 11:05 EST, under its 52-week high of $154.78 and way higher than its 52-week low of $82.00.
Baidu’s Moving Average
Baidu’s value is way above its 50-day moving average of $138.84 and way higher than its 200-day moving average of $126.60.