NasdaqGS:BIDUInteractive Media and Services
Baidu’s New US$5,000m Buyback Highlights Confidence In AI Growth Story
Baidu, NasdaqGS:BIDU, has announced a substantial share repurchase program with approval from its board.
The buyback plan represents a material corporate action that may influence investor perception of the company.
The program comes as Baidu's shares last closed at $137.95.
Baidu enters this buyback announcement with a mixed recent track record for shareholders. The stock is down 12.5% over the past week and 7.8% over the past month, with an 8.2% decline year to date. Over a longer...