Shares of BIDU are trading -7% lower today. Lets find out what's happening:

 Shares of Baidu Inc (BIDU) are trading -7% lower at a price of $137.28 at the time of this writing. The stock's price action is lagging it's peers on what is quickly becoming a mildly cheerful day for the Communication Services sector.

The price is likely moving in response to the earnings call today.

- Baidu's revenue for the second quarter of FY22 was $4.43 billion, which is a 5% decline from the same period last year.
- The company's Core revenue (which includes advertising and online marketing services) declined by 4% year-on-year to $3.46 billion.
- Despite the overall revenue decline, Baidu still managed to beat analyst expectations of $4.20 billion for the quarter.

Baidu Inc has been trading between a 52-week high of $182.6 and a 52-week low of $101.62. The stock has a market cap of $37.8 Billion.

Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Greatkabuki22 - 5 upvotes - source
BIDU 🚀🚀🔥💯

d4v1d87 - 3 upvotes - source
Bidu 🚀🚀🚀

SovietPikachu2 - 2 upvotes - source
Bidu calls?

SovietPikachu2 - 2 upvotes - source
!banbet Bidu $90 2w

Greatkabuki22 - 2 upvotes - source
BIDU to the moon🚀🚀🔥💯

Thegreenpatriot - 1 upvotes - source
Anyone that’s not regarded and follows dark prints and options flows can explain all the bullish calls/volume on Chinese e-commerce stocks lately? I know there was recent news that they’re going to start being audited by US firms I guess that’s bullish but I’ve been seeing a shit ton of OTM options coming in for the past week on BABA, PDD and BIDU

d4v1d87 - 1 upvotes - source
BIDU 🚀🚀🚀🚀🚀

VisualMod - 1 upvotes - source
**Ban Bet Created:** **/u/SovietPikachu2** bet **BIDU** goes from **148.91** to **90.0** before **2022-09-12 14:30:09.130853-04:00**

SovietPikachu2 - 1 upvotes - source
Bidu to $120 plz

Greatkabuki22 - 1 upvotes - source
Earnings in the Morning...BIDU...BBY...BIG..!!!..calls on BIDU💯🔥🚀..and puts on BBY and BIG😔📉