After the struggle that Baidu (BIDU) faced over the last year, the dominant search engine in Chinese faced volatile stock price movement dipping to its low at ~$82. The pre-call excitement isn’t as high for Baidu stock and it has gained only 0.15%. We don’t see any further catalyst driving Baidu stock price in the near future and it is important to note that on an average, the company has a ‘hold’ rating.
Source: Baidu stock price chart by Amigobulls
Other Stock Market Updates
Read our news letter here- Amigobulls internet stock updates July 24, 2013