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Baidu, Inc. (BIDU) in Focus: Stock Moves 5.6% Higher

Baidu, Inc.BIDU was a big mover last session, as the company saw its shares rise more than 5% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company - as the stock is now up 14.5% in the past one-month time frame.

The move came after the company has inked a deal to divest its financial service business that offers consumer credit, wealth management as well as other financial services.

The company has seen one negative estimate revision in the past month, while its Zacks Consensus Estimate has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Baidu currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

Baidu, Inc. Price

Baidu, Inc. Price | Baidu, Inc. Quote

Investors interested in the Internet - Services industry may consider Autohome Inc. ATHM , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Is BIDU going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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Baidu, Inc. (BIDU): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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