Baidu (BIDU) Catches Eye: Stock Jumps 7.8%

Zacks Equity Research
Updated

Baidu, Inc. BIDU was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 7.2% in the past one-month time frame.

The move came after the company reported better-than-expected second-quarter 2019 results.

The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Baidu currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Baidu, Inc. Price

Baidu, Inc. Price
Baidu, Inc. Price

Investors interested in the Internet – Services industry may consider TiVo Corporation TIVO, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Click to get this free report Baidu, Inc. (BIDU) : Free Stock Analysis Report TiVo Corporation (TIVO) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research