Overall market sentiment has been down on Baidu Inc (BIDU) stock lately. BIDU receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Baidu Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BIDU!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 has risen 1.04% while the S&P 500 is down -1.38% as of 11:14 AM on Friday, Aug 19. BIDU is higher by $1.33 from the previous closing price of $128.33 on volume of 777,724 shares. Over the past year the S&P 500 has fallen -3.99% while BIDU is down -9.30%. BIDU lost -$7.09 per share in the over the last 12 months.
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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.
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