Baidu (BIDU) volatility elevated; shares up 7% in pre-open on results and guidance

Baidu (Nasdaq: BIDU) is recently up $9.26 to $147.65 in pre-open trading on Q3 earnings increasing 80%. Brean Murray reiterated its Buy rating and raised its price target to $185. Overall option implied volatility of 62 is above its 26-week average of 50 according to Track Data, suggesting larger price movement.

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