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Benzinga

Business

Henry Khederian

Why Baidu Shares Are Diving Today

Baidu Baidu Inc Nasdaq Covid-19 Shanghai

Baidu Inc (NASDAQ:BIDU) shares are trading lower by 5.41% to $145.91 Wednesday morning. Shares of Chinese companies at large are trading lower after Shanghai announced it will be conducting mass COVID-19 testing in several districts following a rise in cases.

Per CNN, China's northwestern city of Xi'an, a financial hub home to 13 million people, was partially shut down on Wednesday after it reported the country's first outbreak of a highly transmissible new Omicron subvariant.

See Also: Do You Believe Bitcoin Is Going Above $30K, Ethereum Above $2K And Dogecoin Above 15 Cents By End Of July?

According to data from Benzinga Pro, Baidu has a 52-week high of $191.70 and a 52-week low of $101.62.

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