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Performance Outlook.
Previous Close | 138.000 |
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52 Week Range | 99.000 - 178.900 |
Volume | 2,892,117 |
Avg. Volume | 6,593,717 |
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Due to Macro Headwinds and Limited Visibility We are Lowering Baidu's FVE to USD 183
Transparency is our policy. Learn how it impacts everything we do
We are lowering our Baidu fair value estimate to USD 183 (HKD 180) due to a combination of macro headwinds, limited visibility, and COVID-19 resurgence in China. Wide-moat Baidu reported third-quarter revenue of CNY 31.9 billion, representing 13% year-on-year growth that was within its guidance range but below the midpoint of CNY 32.05 billion.
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What does it mean when a stock is oversold?
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view.
What happened to Didi Global Inc?
Oversold means the shares are trading at an extreme below what would be their usual or typical trading range. This attracts buyers into the market because they will be expecting a reversion or rally back up to the average.
How much does Bukalapak raise?
(Bloomberg) -- Shortly after Beijing’s shock cybersecurity probe into Didi Global Inc., Chinese social media users furiously passed around a 2015 story on the Uber-like app that showed what might be spooking President Xi Jinping.Screenshots circulated of a breezy state media report on a Didi study that revealed how bureaucrats used the company’s services on two sweltering July days in Beijing. Using playful charts, it showed that traffic at the Ministry of Public Security was among the busiest,
