Best Stock of the Day: Baidu Inc (NASDAQ: BIDU). Why?

Baidu Inc is a Chinese multinational corporation with its headquarters in Beijing. The firm focuses on Internet services and AI. It also keeps a holding company in the Cayman Islands.

Baidu Inc (NASDAQ: BIDU)

Over the past year, Baidu has seen a resurgence, rising from around $100 to around $350 and back to its current level around $150. With the second-largest search engine in the world, the stock is susceptible to current events, Internet news and the machinations of the Chinese economy.

Why is BIDU Moving?

BIDU is currently moving because regulatory crackdowns in China are affecting the technology sector. The company has not been hit as hard as others, but investors should expect the price to remain low until the current regulatory cycle cools and prices can rise once again.

Where to Buy Baidu Stock

You can buy Baidu stock from any of the brokers on this list. Benzinga curates this list of brokers to ensure that you have the best experience. You can compare these brokers until you find the one you prefer.

Stay Ahead of the Game on BIDU

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Data for Baidu Inc as of July 27, 2021

Summary of Baidu Inc as of July 27, 2021:

  • Price Change: $162.370 to $155.30

  • 52 Week Low: $114.75

  • 52 Week High: $354.82

  • Market Cap: $56.424B

  • P/E Ratio: 17.953

  • Dividend Yield: –

Significant Dates for Baidu Inc:

  • Next Earnings Date: August 12, 2021

  • Last Earnings Date: May 18, 2021, EPS of $1.890

  • Ex-Dividend Date: –

  • Dividend Payment Date: –

Technical Data of Baidu Inc as of July 27, 2021:

  • RSI: 27.2059 ⮕ Bullish

  • MACD: Signal Line (-4.4845) Over MACD (-9.2115) ⮕ Bullish

  • Bollinger Bands: Price ($155.30), 20-Day SMA ($174.4044), Lower Band ($158.0150), Upper Band ($207.2044) ⮕ Bullish

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Harry Byrne

Harry Byrne

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