Where Will Baidu Inc (BIDU) Stock Go Next After It Has Risen 11.80% in a 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?

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BIDU Stock Today?

Baidu Inc (BIDU) stock is trading at $119.20 as of 1:36 PM on Monday, May 16, a rise of $2.26, or 1.93% from the previous closing price of $116.94. The stock has traded between $114.21 and $119.43 so far today. Volume today is low. So far 1,530,315 shares have traded compared to average volume of 3,383,007 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.