Baidu (BIDU) Offering Possible 30.64% Return Over the Next 13 Calendar Days

Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $98.50 short put and a strike $93.00 long put offers a potential 30.64% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $98.50 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $93.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Baidu is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Baidu is bearish.

The RSI indicator is at 49.33 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Baidu

Baidu Announces Pricing of US$1.0 Billion Notes Offering
Wed, 01 Apr 2020 21:06:00 +0000
Baidu, Inc. (Nasdaq: BIDU) ("Baidu" or the "Company"), a leading search engine, knowledge and information centered Internet platform, and AI company, today announced the pricing of its public offering of US$1.0 billion aggregate principal amount of its notes. The public offering consists of US$600 million of 3.075% notes due 2025 and US$400 million of 3.425% notes due 2030. The notes have been registered under the U.S. Securities Act of 1933, as amended, and are expected to be listed on the Singapore Exchange Securities Trading Limited.

Broadcom's (AVGO) Ethernet Adapters Adopted by Baidu Cloud
Wed, 01 Apr 2020 13:32:01 +0000
Broadcom's (AVGO) SmartNIC Ethernet adapters implemented in Baidu Cloud.

Apple doubles China donations for COVID-19 recovery efforts
Wed, 01 Apr 2020 04:47:50 +0000
Apple more than doubled its donation to China's efforts to fight COVID-19 to over 50 million yuan ($7 million), CEO Tim Cook posted on Weibo on Wednesday, weeks after the iPhone maker said it had opened all its 42 stores in one of its largest markets. Cook said in a post on Twitter last week that Apple donated 10 million masks for health professionals in the United States and Europe, which it sourced through its supply networks. Apple has already donated 20 million yuan of its promised amount through Beijing-based China Foundation for Poverty Alleviation to support six hospitals in Hubei, including the makeshift Leishenshan hospital in Wuhan, Cook said.

Baidu Inc. — Moody's assigns A3 to Baidu's proposed senior notes; outlook positive
Wed, 01 Apr 2020 02:52:10 +0000
Moody's Investors Service has assigned an A3 senior unsecured rating to the proposed USD notes to be issued by Baidu Inc. (A3 positive). Baidu will use the proceeds to refinance existing debt and for general corporate purposes. “Baidu's proposed senior unsecured notes will improve its debt maturity profile and expand its capacity to accommodate any funding needs over the next 12-18 months,” says Lina Choi, a Moody's Senior Vice President.

Baidu Announces Proposed Debt Offering
Tue, 31 Mar 2020 20:45:00 +0000
BEIJING, March 31, 2020 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU) ("Baidu" or the "Company"), a leading search engine, knowledge and information centered Internet platform, and AI company, today announced that it has filed a preliminary prospectus supplement with the United States Securities and Exchange Commission (the "SEC") under an automatic shelf registration statement on Form F-3, pursuant to which the Company proposes to sell senior notes. The Company intends to use the net proceeds from the offering to repay certain existing indebtedness and for general corporate purposes.

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