Why These 5 Stocks Are Moving on Friday

4. Baidu, Inc. (NASDAQ:BIDU) is down around 2.4% due to the weakness in Chinese tech stocks on Friday. Also in the news is a Reuters report indicating that China’s antitrust regulator is unlikely to approve Baidu, Inc. (NASDAQ:BIDU)’s acquisition of Joyy’s YY Live. Baidu, Inc. (NASDAQ:BIDU) shares are down around 27.7% year to date. D E Shaw was long 2.26 million shares of Baidu, Inc. (NASDAQ:BIDU) at the end of June.