Baidu (BIDU) Higher Again After Stock Split; Is a S&P 500 Addition In the Cards?

After rising 9.5% yesterday following its 10-for-1 stock split, Baidu, Inc. (Nasdaq: BIDU) is rising another 2.7% to $80.31 in pre-open action. Volume of 1.1 million is the second highest in pre-open trading Thursday.

Investors also may be playing on speculation that after the split the company may now be eligible to be included in the S&P 500, which of course would bring in more forced buying from funds.

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