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Market Reactions to Baidu Inc (BIDU) Stock Getting a Bullish Rating

Monday, July 06, 2020 10:01 AM | InvestorsObserver Analysts

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Market Reactions to Baidu Inc (BIDU) Stock Getting a Bullish Rating

Overall market sentiment has been high on Baidu Inc (BIDU) stock lately. BIDU receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

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

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.

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 $130.00 as of 9:50 AM on Monday, Jul 6, a rise of $6.69, or 5.43% from the previous closing price of $123.30. The stock has traded between $128.05 and $130.36 so far today. Volume today is less active than usual. So far 540,874 shares have traded compared to average volume of 4,148,844 shares.

To see the top 5 stocks in the Internet Content & Information industry click here.

More About Baidu Inc

Baidu is the largest Internet search engine in China with mid-70s mobile traffic share in the search market. The firm generates 86% of revenue from online marketing services and the rest from other segments. Baidu is a technology-driven company and has been investing in AI technology, such as autonomously driven cars.

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