Baidu (BIDU) Shares Off Sharply after Slashing 2Q Sales Outlook
June 14, 2016 at 09:41 AM EDT
Shares of Baidu Inc. were off -8.42 or -5.15 percent to $155.13 per share in Tuesday's premarket after the company cut its second quarter revenue forecast. The company cited pressure from Chinese regulators over search engine advertising policies. Baidu stock closed at $163.55, down -0.74 or -0.44 percent in Monday's regular trading session. Stock Analysis ... READ MORE Read the rest of Baidu (BIDU) Shares Off Sharply after Slashing 2Q Sales Outlook at InvestorGuide.com .
