Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Jefferies Upgrades Outlook on Baidu (BIDU) After AI Chip Unit Spin-Off Announcement [Yahoo! Finance]

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU) 
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.baidu.com
Company Research Source: Yahoo! Finance
price target on the stock to $181 from $159 and kept a “Buy” rating on the shares. Firm analysts remain constructive on the shares as they view potential value unlock from the recent HK listing while BIDU retains control. The tech giant recently announced plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list it in Hong Kong. The company has already filed a listing application on the Hong Kong Stock Exchange, with the proposed spin-off to include a Hong Kong public offering of Kunlunxin shares for public subscription and a share placement. “Baidu announced the proposed spin-off of Kunlunxin (KLX) shares and separately listing to Main Board of Stock Exchange of Hong Kong. The proposed spin-off will be effected by way of Global Offering, which comprises (a) HK public offering of Kunlunxin Shares for subscription by public in HK; (b) share placement to institutional and professional investors.” Analysts noted how after the completion of this proposed spi Show less Read more
Impact Snapshot
Event Time:
BIDU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for BIDU alerts
Opt-in for
BIDU alerts

from News Quantified
Opt-in for
BIDU alerts

from News Quantified