🔴 BIDU is trading 3.86% down today after profit-taking following Kunlunxin spinoff rally

BIDU is trading at -3.86% now at $144.50, pulling back sharply as investors lock in profits following the recent Kunlunxin IPO announcement surge.

• The stock is giving back gains after a 20.4% surge to $151.08 earlier in the week.
• The decline appears to be profit-taking rather than negative news, as the regulatory approval process for Kunlunxin's listing continues.
• Analyst price targets remain elevated, reflecting confidence in the spinoff: Jefferies at $181, JPMorgan at $188, and HSBC at $130.