High Beta Names Getting Crushed (BIDU, NFLX, CMG)

A number of high beta, momentum names are getting slammed during Wednesday's trading session, which is seeing heavy selling once again. Among the leaders to the downside are Baidu.com BIDU, Netflix NFLX and Chipotle CMG. BIDU shares have fallen 4.65% to $114.60. NFLX is down 5.45% to $209.56 and CMG is off by 5.34% to $239.00.