Baidu, Inc. (BIDU) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $143.5 to $162.9 in the past one-month time frame, showed a sharp decline yesterday at $150.93.
Although this slump was obviously disappointing, this Internet search services provider has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for BIDU. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
Baidu currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include Conversant, Inc. (CNVR), Facebook, Inc. (FB) and Interxion Holding NV (INXN). Conversant and Interxion Holding carry a Zacks Rank #1 (Strong Buy) while Facebook carries a Zacks Rank #2 (Buy).
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BAIDU ADS (BIDU): Free Stock Analysis Report
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