Baidu Rises Most in Over a Month: U.S.-Listed Chinese Companies
- iQIYI advances 6.4% Monday to snap two-day losing streak
- Farmmi declines 16% for biggest loss since February IPO
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Baidu Inc. gained 4.1 percent Monday, the Chinese search giant’s biggest jump since June 4, after a rating upgrade at KeyBanc. Based on a shift in outlook prospects, KeyBanc raised its rating to overweight from sector weight. The stock has gained 7.2 percent in the past two trading days.
Separately, Baidu’s smart device guru, Jesse Lyu, left the company citing personal reasons.