Baidu, Inc. (BIDU - Free Report) was a big mover last session, as the company saw its shares rise nearly 14% on the day. The move came on solid volume too 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 $99.53 to $109.62 in the past one-month time frame.
The move came after the company reported solid third-quarter 2019 results, which also surpassed the wall street expectations.
The company has seen a mixed track record when it comes to estimate revisions of two increases and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Baidu currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Baidu, Inc. Price
Investors interested in the Internet - Services industry may consider Match Group, Inc. (MTCH - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is BIDU going up? Or down? Predict to see what others think:Up or Down
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>