Market Overview

Baidu Climbing Once Again After Stock Split (BIDU)

Baidu (NASDAQ: BIDU) is starting to look like a stock that will never go down. Over the last 52 weeks, the shares have gained 215.22%. Today, the company executed a 10:1 stock split and BIDU is rocketing once again as investors can now buy shares for $76.40 as opposed to $764. BIDU has now gained 6.77% today on very heavy volume.

The company now has a market cap of $26.44 billion. On the trading session, 12.59 million shares have traded hands compared to a daily average of 1.36 million. In the wake of this stock split, BIDU will likely become a much more liquid and traded stock.

Baidu, Inc. (BIDU) is a Chinese-language Internet search provider. The Company conducts its operations in China principally through Baidu Online Network Technology (Beijing) Co., Ltd., its wholly owned subsidiary in Beijing, China.

For traders and investors who are looking to add beta to their portfolio, BIDU is a solid bet, which will offer large risk/reward.

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Posted-In: Intraday Update Movers Tech

 

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