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Stock Market & Financial Investment News

News Breaks
August 9, 2013
10:55 EDTBIDUBaidu advances after analyst raises stock rating
Shares of Chinese search engine Baidu (BIDU) are advancing after Citigroup upgraded the stock this morning. WHAT'S NEW: Baidu's revenue from mobile Internet users should continue to increase in upcoming quarters, Citigroup analyst Muzhi Li wrote in a note to investors earlier today. Mobile Internet yields higher profit margins than desktop, added Li. Moreover, the increase in Baidu's mobile Internet revenue should raise the valuation of its stock, he believes. Baidu should also be boosted by its acquisition of Chinese Internet company 91 Wireless, which has a high growth mobile app and mobile games business, the analyst added. Li upgraded Baidu to Buy from Neutral, and increased the target on the shares to $167 from $113. TODAY'S PRICE ACTION: In mid-morning trading, Baidu rose $3.30, or 2.4%, to $139.
News For BIDU From The Last 14 Days
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November 21, 2014
09:36 EDTBIDUActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN TSLA BIDU CLF DOW LVS BABA TWTR GILD
November 19, 2014
08:46 EDTBIDUBaidu unit gets RMB 1.8B investment from Xiaomi, Marbridge Daily says
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November 17, 2014
08:27 EDTBIDUBaidu rumored to buy payment operator 99Bill, Marbridge Daily says
Baidu has struck a deal to acquire Chinese third-party payment provider 99Bill for RMB 2B, according to TechWeb, reported Marbridge Daily. Reference Link
November 13, 2014
09:54 EDTBIDUCtrip.com rises 3.7% to $58.81 amid rumor of Baidu interest
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November 11, 2014
09:37 EDTBIDUActive equity options trading
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November 10, 2014
09:27 EDTBIDUXiaomi rumored to mull stakes in Youku Tudou, Baidu unit, Marbridge Daily says
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08:20 EDTBIDUBaidu subsidiary to buy 1,000 US films in 2015
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06:09 EDTBIDULightInTheBox, Baidu Dianxin form strategic partnership
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