Shares of Baidu jumped by a staggering 12.77% to $234.43 at 11:38 EST on Friday, following last session’s upward trend. NASDAQ Composite is rising 0.63% to $13,149.88, following last session’s upward trend, This seems, up until now, a somewhat positive trend trading session today.
Baidu’s last close was $207.89, 2.93% under its 52-week high of $227.76.
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 ongoing quarter and 25.3% for the next. The company’s growth estimates for the current 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 $234.43 at 11:38 EST, above its 52-week high of $227.76.
Baidu’s Moving Average
Baidu’s value is way higher than 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, "The news of Baidu’s Hong Kong listing comes weeks after Reuters broke the news that Baidu was mulling an entrance into the EV market.", "However, Baidu will face stiff competition in an already stacked Chinese EV market. "