Baidu, Inc. BIDU was a big mover last session, as the company saw its shares rise a little more than 6% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $192.50 to $207.80 over the past one-month time frame.
This Internet services stock witnessed two negative estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Baidu has a Zacks Rank #2 (Buy), while its Earnings ESP is negative.
Investors interested in the space may also consider Marchex, Inc. MCHX, sporting a Zacks Rank #1 (Strong Buy).
Is BIDU going up? Or down? Predict to see what others think: Up or Down
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