13F Shows Appaloosa LP Increased Stake in Baidu Inc by 1.18M Shares, or +188%, to 1.8M Shares, Valued at $189.50M
Portfolio Pulse from Benzinga Newsdesk
Appaloosa LP has significantly increased its stake in Baidu Inc by 1.18 million shares, representing a 188% increase, bringing its total holdings to 1.8 million shares valued at $189.50 million.
May 15, 2024 | 8:26 pm
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Appaloosa LP has increased its stake in Baidu Inc by 1.18 million shares, a 188% increase, bringing its total holdings to 1.8 million shares valued at $189.50 million.
The significant increase in stake by a prominent investment firm like Appaloosa LP is likely to be seen as a vote of confidence in Baidu Inc, potentially driving up the stock price in the short term.
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