Weekly Recap | BIDU-W -0.48%, 52-week low under short-selling pressure
Weekly Review·
- Baidu Group-W fell 0.48% this week to close at 83 HKD, underperforming the Hang Seng Index by about 1.19 percentage points amid low trading volume.
- The company experienced no major corporate announcements, with share price movements primarily driven by short-selling pressure, sector sentiment, and broader market fluctuations.
- A total of 16 institutions maintained a consensus strong buy rating with an average target price of 150.50 HKD, highlighting a significant upside potential despite the recent weak price trend.
