Stock Market Report on Baidu , AXT , Huntington Bancshares (BIDU, AXTI, HBAN)

Baidu Inc. (ADR) (NASDAQ: BIDU) is up by 1.83% and is trading at $75.15. The ADR touched an intraday high of $75.25 and an intraday low of $73.39. Volume is around 3.88 million, whereas average volume traded is around 14.26 million. Investors are quite cautious about the stock in the Chinese market and it can be easily seen in stock price of the company. Baidu Inc. is a Chinese and Japanese search engine for websites, audio files, & images. The stock 52-week high is at $82.29 and 52-week low at $26.80.

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Stock price of AXT Inc. (NASDAQ: AXTI) is down by 0.90% and is trading at $4.39. The company is into designing, developing, manufacturing and distributing high-performance compound semiconductor substrates. Analysts are quite cautious about the future price of the stock as it has gained 11.47% during the past month. The company has a price-to-book value of 1.55 and a PEG ratio of 0.91. The market capitalization of the company is $135.77 million. The major competitors for the company are QLogic Corp (NASDAQ: QLGC) & PLX Technology Corp (NASDAQ: PLXT).

Stock price of Huntington Bancshares Inc. (NASDAQ: HBAN), a Midwestern bank holding company, is up by 1.39% and is trading at $5.84. The stock reached an intraday high of $5.88 and an intraday low of $5.74. The volume of shares traded were 4.67 million as compared to an average volume of 19.57million. The stock is trading below its 50-day moving average of $6.22 and hence, it is difficult to buy the stock at current level because it may face a stiff resistance as it approaches its 50- day moving average. The company is into commercial and consumer banking services.

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