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Baidu Inc (ADR) (NASDAQ:BIDU) shares are trading higher by $22.50, 11 percent, at $223.50 in Friday's session.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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The catalyst the rally in the Chines language internet search provider is a Q2 EPS beat of 16 cents along with a slight sales beat.
After a much higher open, Baidu had a brief retreat to $208.80 before continuing its move higher. It has continued to make new highs for the session, with current one standing at $223.80 as of 12:15 p.m. EST. That marks the highest level for the stock since April 2015, when it peaked at $223.96.