Baidu Rises Most in Over a Month: U.S.-Listed Chinese Companies

(Bloomberg) -- Baidu Inc. gained 4.1 percent Monday, the Chinese search giant’s biggest jump since June 4, after a rating upgrade at KeyBanc. Based on a shift in outlook prospects, KeyBanc raised its rating to overweight from sector weight. The stock has gained 7.2 percent in the past two trading days.

Separately, Baidu’s smart device guru, Jesse Lyu, left the company citing personal reasons.

Baidu Rises Most in Over a Month: U.S.-Listed Chinese Companies

Among other companies, Alibaba Group Holding Ltd. and JD.com Inc. were little changed. IQIYI Inc. climbed 6.4 percent.

Monday’s top gainer, Ever-Glory International Group Inc., rose 32 percent for its biggest jump since March 2009.

The top decliner, Farmmi Inc., dropped 16 percent, the most since the company’s initial public offering in February. The stock has fallen for the past five days, the longest streak since early June.

Biggest GainersPercent ChangeBiggest DeclinersPercent Change
EVK US32%FAMI US-16%
XNET US10%ABAC US-13%
CPHI US10%CLDC US-12%
SSC US10%ALN US-12%
WINS US10%MOXC US-9.8%

Results are based on an EQS search comprising about 150 Chinese companies trading on the New York Stock Exchange and Nasdaq.

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