Check Out What Whales Are Doing With BIDU

Deep-pocketed investors have adopted a bullish approach towards Baidu BIDU, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BIDU usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Baidu. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 7 are puts, totaling $359,853, and 2 are calls, amounting to $61,000.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $145.0 for Baidu, spanning the last three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Baidu's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Baidu's significant trades, within a strike price range of $110.0 to $145.0, over the past month.

Baidu Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Baidu

Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. 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.

After a thorough review of the options trading surrounding Baidu, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Baidu Standing Right Now?

• With a trading volume of 729,290, the price of BIDU is down by -1.88%, reaching $114.58.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 79 days from now.

What The Experts Say On Baidu

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $169.75.

• An analyst from Susquehanna has decided to maintain their Positive rating on Baidu, which currently sits at a price target of $150.
• Showing optimism, an analyst from Nomura Instinet upgrades its rating to Buy with a revised price target of $145.
• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Baidu with a target price of $174.
• In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $210.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Baidu options trades with real-time alerts from Benzinga Pro.