Baidu Inc. (BIDU): Today's Featured Technology Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Baidu (BIDU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.3%. By the end of trading, Baidu rose $3.53 (3.2%) to $113.37 on heavy volume. Throughout the day, 6,173,338 shares of Baidu exchanged hands as compared to its average daily volume of 4,078,600 shares. The stock ranged in a price between $109.37-$113.88 after having opened the day at $109.76 as compared to the previous trading day's close of $109.84. Other companies within the Technology sector that increased today were: Zhone Technologies (ZHNE), up 35.6%, VMware (VMW), up 16.7%, Vicor Corporation (VICR), up 11.3% and Alliance Fiber Optic Products (AFOP), up 10.7%.
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