Baidu Stock Hits High After Upgrade; Earnings Ahead

By | July 21, 2014

Scalper1 News

Baidu (BIDU) stock rose Monday to an all-time high as China’s Internet search leader was upgraded to overweight, or buy, from equal weight by investment bank Morgan Stanley, which cited improved search monetization. Baidu rose 3.4% to close at 197.72 on the stock market today after hitting a record 199.09 intraday. The China-based search engine is scheduled to report Q2 earnings after the close Thursday. Baidu stock has risen more than 20% since Scalper1 News

Scalper1 News