Baidu (BIDU) Offering Possible 58.73% Return Over the Next 29 Calendar Days

Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $129.00 short put and a strike $124.00 long put offers a potential 58.73% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $129.00 by expiration. The full premium credit of $1.85 would be kept by the premium seller. The risk of $3.15 would be incurred if the stock dropped below the $124.00 long put strike price.

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

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

The RSI indicator is at 57.4 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Baidu

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Tue, 20 Oct 2020 14:00:02 +0000
Auto and tech giants are intensifying competition for driverless cars in the AV space, wherein Alphabet (GOOGL), Tesla (TSLA) and General Motors (GM) are the frontrunners.

FINAL DEADLINE: Rosen, Global Investor Counsel, Reminds Baidu, Inc. Investors of the Important October 19 Deadline in Securities Class Action First Filed by the Firm; Encourages Investors with Losses in Excess of $750K to Contact the Firm – BIDU
Sun, 18 Oct 2020 15:00:00 +0000
Rosen Law Firm, a global investor rights law firm, reminds purchasers and those who otherwise acquired the securities of Baidu, Inc. (NASDAQ: BIDU) between April 8, 2016 and August 13, 2020, inclusive (the "Class Period"), of the important October 19, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Baidu investors under the federal securities laws.

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of FE, BIDU and QTT
Tue, 08 Sep 2020 19:50:00 +0000
NEW YORK, NY / ACCESSWIRE / September 8, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly-traded companies.

IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Baidu, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Tue, 08 Sep 2020 19:10:00 +0000
LOS ANGELES, CA / ACCESSWIRE / September 8, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Baidu, Inc.

SHAREHOLDER ALERT: TUFN GNUS BIDU: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
Tue, 08 Sep 2020 17:40:00 +0000
NEW YORK, NY / ACCESSWIRE / September 8, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies.

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