Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Baidu Inc ADR shares valued at $42,155,000 were purchased by MELISSA DONGMIN MA on Jan 02 ’25. At $84.31 per share, MELISSA DONGMIN MA acquired 500,000 shares.
Also, Ye Judy Qing purchased 1,500 shares, netting a total of over 28,065 in proceeds.
Before that, Callinicos Brent had added 4,900 shares to its account. In a trade valued at $399,987, the Director bought Baidu Inc ADR shares for $81.63 each.
As published in a research note from JP Morgan on November 27, 2024, Baidu Inc ADR [BIDU] has been rated down from an Overweight to a Neutral. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of November 25, 2024, China Renaissance has decreased its “Buy” rating to a “Hold” for BIDU. Earlier on November 22, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for BIDU stock which previously was a “an Overweight”.
Analyzing BIDU Stock Performance
During the last five days, there has been a surge of approximately 14.78%. Over the course of the year, Baidu Inc ADR shares have jumped approximately 12.41%. Shares of the company reached a 52-week high of $96.18 on 01/30/25 and a 52-week low of $77.19 on 01/13/25. A 50-day SMA is recorded $85.51, while a 200-day SMA reached $91.86. Nevertheless, trading volume fell to 6.83 million shares from 5.28 million shares the previous day.
Support And Resistance Levels for Baidu Inc ADR (BIDU)
According to the 24-hour chart, there is a support level at 91.11, which, if violated, would cause prices to drop to 87.46. In the upper region, resistance lies at 97.30. The next price resistance is at 99.84. RSI (Relative Strength Index) is 67.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.68, which suggests the price will increase in the coming days. Percent R is at 7.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
