Baidu Inc ADR’s recent filing unveils that its Other: Affiliate MELISSA DONGMIN MA acquired Company’s shares for reported $42.16 million on Jan 02 ’25. In the deal valued at $84.31 per share,500,000 shares were bought.
Then, Ye Judy Qing bought 1,500 shares, generating $28,065 in total proceeds.
Before that, Callinicos Brent bought 4,900 shares. Baidu Inc ADR shares valued at $399,987 were divested by the Director at a price of $81.63 per share.
JP Morgan downgraded its Baidu Inc ADR [BIDU] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in late November from “a Positive” to “a Neutral”. China Renaissance also remained covering BIDU and has decreased its forecast on November 25, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays revised its rating on November 22, 2024. It rated BIDU as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of BIDU
On Tuesday, Baidu Inc ADR [NASDAQ:BIDU] saw its stock fall -0.92% to $82.61. Over the last five days, the stock has lost -1.71%. Baidu Inc ADR shares have fallen nearly -2.02% since the year began. Nevertheless, the stocks have fallen -30.08% over the past one year. While a 52-week high of $118.29 was reached on 01/06/25, a 52-week low of $78.95 was recorded on 01/07/25. SMA at 50 days reached $87.22, while 200 days put it at $93.40.
Levels Of Support And Resistance For BIDU Stock
The 24-hour chart illustrates a support level at 81.78, which if violated will result in even more drops to 80.95. On the upside, there is a resistance level at 83.46. A further resistance level may holdings at 84.31. The Relative Strength Index (RSI) on the 14-day chart is 39.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.68%. Stochastics %K at 11.62% indicates the stock is a buying.
How much short interest is there in Baidu Inc ADR?
A steep rise in short interest was recorded in Baidu Inc ADR stocks on 2024-10-31, dropping by -0.19 million shares to a total of 6.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.01 million shares. There was a decline of -2.74%, which implies that there is a negative sentiment for the stock.
