Published on 27 Apr 2024 on Zacks via Yahoo Finance
Here's Why Baidu Inc. (BIDU) Gained But Lagged the Market Today
Baidu Inc. (BIDU) ended the recent trading session at $100.52, demonstrating a +0.62% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow gained 0.4%, while the tech-heavy Nasdaq added 2.03%.
Shares of the web search company have depreciated by 5.11% over the course of the past month, outperforming the Computer and Technology sector's loss of 5.32% and lagging the S&P 500's loss of 3.15%.