Thursday, June 08, 2006

SAC Capital Controls 19.5% of Baidu


From Pacific Epoch:

"If you're wondering why Baidu's (NASDAQ: BIDU) stock was on such a tear during May, you will be interested to learn that, according to SEC Filings, hedge funds related to Steve Cohen's SAC Capital now own at least 19.5% of Baidu's outstanding shares, currently worth around US$225 million."

1 Comments:

At 10:48 AM, Anonymous Penny Stock Advice said...

Baidu Got a break when google left the chinese internet market.

 

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