Weekly Recap | Baidu -8.11%, Stock Connect inclusion fails to hold
Weekly Review·
- Baidu accumulated a drop of 8.11 % to close at 91.4 dollars this week, underperforming the S&P 500 index.
- The company announced its inclusion in the Stock Connect programs and conducted share buybacks, yet failed to offset heavy selling pressure driven by macroeconomic factors and broader market weakness.
- Institutional consensus rating remains a buy with a target price of 146.48 dollars, while upcoming market data and subsequent capital movements under Stock Connect remain key points for tracking.