Price/Volume Spike: Baidu.com (BIDU)

Posted in General 
December 16th, 2008

Baidu.com Inc. (NASDAQ: BIDU) is surging after the stock rating was raised to the CONVICTION BUY LIST at Goldman Sachs this morning with a 6-month price target of $145.00.

Shares at 9:33 AM EST are up 9.9% at $129.91 after closing at $118.09 yesterday.  We have already seen more than 400,000 shares trade in justr a few minutes after the open.

Jon C. Ogg
December 16, 2008

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