Baidu Stock: Why Some Institutional Investors Have Been Loading Up
BIDUBIDU(BIDU) Seeking Alpha·2024-08-24 03:00

fazon1 Over the course of the second quarter (Q2) of the calendar year, a number of institutional investors - with Scion Asset Management run by Michael Burry of "The Big Short" fame finding particular mention in the media - loaded up on shares of China search giant Baidu, Inc. (NASDAQ:BIDU) as it floundered. The stock has notably not been doing well over the course of the Year Till Date (YTD), and its Q2 earnings were decidedly mixed: while revenue did drop on a quarter-on-quarter basis by 0.4%, it deliver ...