Strength Seen in Baidu Inc. (BIDU): Can Its 9.1% Jump Turn into More Strength?
BIDU(BIDU) ZACKS·2024-09-28 03:26
Baidu Inc. (BIDU) shares ended the last trading session 9.1% higher at $102.56. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.2% gain over the past four weeks.Baidu extended its rally, driven by the latest stimulus measures announced by the People’s Bank of China to boost the troubled domestic economy of China. The measures include interest rates cut which would reduce borrowing costs and prevent scores of deb ...