Baidu Inc (BIDU) Stock: What Does the Chart Say Friday?

Baidu Inc (BIDU) stock has risen 10.40% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Baidu Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BIDU!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With BIDU Stock Today?

Baidu Inc (BIDU) stock is trading at $137.41 as of 12:00 PM on Friday, May 27, a gain of $1.22, or 0.9% from the previous closing price of $136.19. The stock has traded between $134.04 and $138.16 so far today. Volume today is less active than usual. So far 1,905,384 shares have traded compared to average volume of 3,170,981 shares.

More About Baidu Inc

Baidu is the largest Internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 62% of revenue from online marketing services from its search engine in 2020. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving. Click Here to get the full Stock Report for Baidu Inc stock.