From the DOW JONES NEWSWIRES…
Nasdaq said Baidu.com Inc.’s (BIDU) American depositary shares became a component of the Nasdaq-100 index (NDX) before Tuesday’s market open.
The ADS’s will simultaneously join the Nasdaq 100 Equal Weighted Index.
Baidu.com, a Chinese language Internet search provider, will be the first company from China to be included in the Nasdaq 100.
Shares of Baidu.com were up $9.10 to $394.35 in early trading Tuesday.
-Michelle Donley; 415-439-6400; AskNewswires@dowjones.com > Dow Jones Newswires
12-04-07 0943ET Copyright (c) 2007 Dow Jones & Company, Inc.
2 responses so far ↓
1 messels // Dec 4, 2007 at 8:15 am
i’m still bearish on this one. lots of hype on it being china’s google but they’re simply worlds apart in development.
plus, there’s practically no support for this stock until about $300, meaning it’s a prime range trade candidate, imho.
2 Mr K // Dec 4, 2007 at 8:19 am
I can definitely see another drop in the short run, but when this stock hits $450, $500 in the next year or two, it still has potential to bring in profits from both directions.
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