The Chinese search engine giant bought JOYY’s Live Streaming domestic video-based entertainment live streaming business, also called YY Live, for $3.6 billion. A few days after, Baidu’s stock is now falling by over 3.
Shares of Baidu dropped 3.19% to $137.54 at 10:05 EST on Thursday. The Nasdaq Stock Market is sliding 0.82% to $11801.6, on what seems, up until now, an all-around rough exchanging session on The Nasdaq Stock Market.
Baidu’s last close was $143.92, below its 52-week high of $151.18.
Baidu’s sales growth is 7.1% for the ongoing quarter and 22.8% for the next. The company’s growth estimates for the present quarter and the next are -38.8% and 30.2%, respectively.
Baidu’s stock is valued at $137.54 at 10:05 EST, below its 52-week high of $151.18 and way above its 52-week low of $82.
Baidu’s value is higher than its 50-day moving average of $133.65 and way higher than its 200-day moving average of $122.49.
Baidu to buy chinese livestreaming giant in big social foray. According to Bloomberg Quint on Mon Nov 16, “Baidu to Buy Chinese Livestreaming Giant in Big Social Foray.”
According to CNBC on Tue Nov 17, “The stocks making the biggest moves in premarket trading include Home Depot, Tesla, Amazon, Baidu, and more..”