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Benzinga

Business

Craig Jones

DARK SECRETS: Why baidu s rally could continue until april | Rare Historical Photos

Baidu Inc

Shares of Baidu Inc (NASDAQ:BIDU) jumped 6.84% to close Tuesday at $162.86, following the company’s strong fourth-quarter results.

On CNBC's "Options Action," Mike Khouw of Optimize Advisors said the stock traded more than four times its average daily volumes on Tuesday.

More than 50,000 call contracts were traded, and “a lot of that was short-dated upside call buying,” he added.

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Top stories on inkl right now

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Eight adults face charges after seven kids removed from ‘filthy and deplorable’ home

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