Baidu Stock Trades 25% Below 52-Week High: Should You Buy the Dip?
Baidu, Inc. (BIDU) shares have gained 7.8% in the past month, above the Zacks Internet – Services industry’s 3.4% increase and the Zacks Computer and Technology sector’s rise of 4.5%. Despite this uptick, BIDU remains about 25.4% below its 52-week high of 74.71). In fact, the stock is up by only 3% year to date (YTD) against the industry’s 11.8% decline.Additionally, as the threat of delisting Chinese stocks from U.S. markets is escalating, does Baidu now present an attractive entr ...