Is Baidu Inc (BIDU) a Stock to Watch After Gaining 7.55% This Week?

The market has been high on Baidu Inc (BIDU) stock recently. BIDU gets a Bullish score from InvestorsObserver Stock 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 is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With BIDU Stock Today?

Baidu Inc (BIDU) stock is trading at $156.63 as of 10:18 AM on Tuesday, Jun 28, a gain of $1.39, or 0.9% from the previous closing price of $155.24. The stock has traded between $154.09 and $156.68 so far today. Volume today is low. So far 515,138 shares have traded compared to average volume of 3,564,874 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.