Baidu posts solid session with 2.02% gain; upside capped at $98.64

Published: November 25 2022, 10:00 GMT+0

Baidu posts solid session with 2.02% gain; upside capped at $98.64

Investors are currently sidelined due to the Thanksgiving holiday but will return to their desks today. Looking back over the previous session Wednesday: Baidu Inc closed at $97 Wednesday after ranging between $95.27 and $98.64.

A look at other communication services stocks also showed bullish price action as Alphabet traded at $98.82 after closing Wednesday's trading day at $97.33 (up 1.53%). Netflix was up 1.68%. Comcast was up 1.23%.

Having set a significant high of $167.35 25 days ago, the Chinese tech giant is trading 24.17% lower.

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