June 24, 2014 (Chinavestor) China's dominant search engine company, Baidu Inc. (NASDAQ:BIDU), surged $3.04 on Monday, breaking a three day loosing streak. To appreciate the advance even more, one has to consider that BIDU's advance was the best among major Chinese ADRs. BIDU and 500.com Ltd. (NYSE:WBAI) rose $3.04 and $2.61, respectively, significantly more than any other China play. See related article here.
Despite the big jump, Baidu is just back to square one. The stock fell even more than that last week as the chart above testifies.