We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Baidu, Inc. (BIDU) in Focus: Stock Moves 5.6% Higher
Read MoreHide Full Article
Baidu, Inc. (BIDU - Free Report) 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.
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.
Image: Bigstock
Baidu, Inc. (BIDU) in Focus: Stock Moves 5.6% Higher
Baidu, Inc. (BIDU - Free Report) 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 - Free Report) , 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.
See Zacks' 3 Best Stocks to Play This Trend >>