Why Is It Moving? Analyzing The Upward Movement in Baidu's Stock Today

The Price And Volume Action In Baidu's Stock Today

Baidu's BIDU stock is trading up 2.88% to a price of $221.14. The stock's volume is currently 459.26 thousand, which is roughly 2.88% of its recent 30-day volume average of 15.94 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Baidu shares are trading higher after it was reported the company's auto venture to invest $7.7 billion into smart cars over the next five years.

Further Analysis of Recent Price Action

The moving average price of the stock over the past 50 days was $256.66 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $354.82 and as low as $90.94.

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