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Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
Baidu - American Depositary Shares Each Representing 8 Ordinary Share trades on the NASDAQ stock market under the symbol BIDU.
As of September 27, 2024, BIDU stock price climbed to $105.17 with 7,896,145 million shares trading.
BIDU has a beta of 1.08, meaning it tends to be more sensitive to market movements. BIDU has a correlation of 0.10 to the broad based SPY ETF.
BIDU has a market cap of $36.88 billion. This is considered a Large Cap stock.
In the last 3 years, BIDU traded as high as $182.60 and as low as $73.58.
The top ETF exchange traded funds that BIDU belongs to (by Net Assets): AIQ, METV, PGJ, DRIV, QQQJ.
BIDU has underperformed the market in the last year with a return of -20.0%, while SPY returned +35.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BIDU shares. However, BIDU has outperformed the market in the last 3 month and 2 week periods, returning +20.8% and +25.7%, while SPY returned +4.9% and +2.0%, respectively. This indicates BIDU has been having a stronger performance recently.
BIDU support price is $100.21 and resistance is $104.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BIDU shares will trade within this expected range on the day.