Best Stock of the Day: Baidu Inc (NASDAQ: BIDU). Why?

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Baidu Inc is a Chinese multinational corporation with its headquarters in Beijing. The firm focuses on Internet services and AI. It also keeps a holding company in the Cayman Islands.

Baidu Inc BIDU 

Over the past year, Baidu has seen a resurgence, rising from around $100 to around $350 and back to its current level around $150. With the second-largest search engine in the world, the stock is susceptible to current events, Internet news and the machinations of the Chinese economy.

Why is BIDU Moving?

BIDU is currently moving because regulatory crackdowns in China are affecting the technology sector. The company has not been hit as hard as others, but investors should expect the price to remain low until the current regulatory cycle cools and prices can rise once again.

Where to Buy Baidu Stock

You can buy Baidu stock from any of the brokers on this list. Benzinga curates this list of brokers to ensure that you have the best experience. You can compare these brokers until you find the one you prefer.
 

Stay Ahead of the Game on BIDU

Staying ahead of the game on BIDU means you have registered for Benzinga Pro, review your stocks daily and make informed decisions when investing your money. You can continue to build wealth and increase your net worth using these unique investment tools. 

Data for Baidu Inc as of July 27, 2021

Summary of Baidu Inc as of July 27, 2021:

• Price Change: $162.370 to $155.30
• 52 Week Low: $114.75
• 52 Week High: $354.82
• Market Cap: $56.424B
• P/E Ratio: 17.953
• Dividend Yield: -

Significant Dates for Baidu Inc:

• Next Earnings Date: August 12, 2021
• Last Earnings Date: May 18, 2021, EPS of $1.890
• Ex-Dividend Date: -
• Dividend Payment Date: -

Technical Data of Baidu Inc as of July 27, 2021:

• RSI: 27.2059 ⮕ Bullish
• MACD: Signal Line (-4.4845) Over MACD (-9.2115) ⮕ Bullish
• Bollinger Bands: Price ($155.30), 20-Day SMA ($174.4044), Lower Band ($158.0150), Upper Band ($207.2044) ⮕ Bullish
• The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.