Yandex N.V. (YNDX) Shares are Up 1.98%

Yandex N.V. (YNDX) has been under a strong bear grip, hence the stock is down -3.61% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.05% in the past 1 week. The stock has risen by 1.98% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.37% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 2.1%. Yandex N.V. is up 5.76% in the last 3-month period. Year-to-Date the stock performance stands at 37.72%.


Yandex N.V. (NASDAQ:YNDX): On Fridays trading session , Opening price of the stock was $22.24 with an intraday high of $22.28. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $21.59. However, the stock managed to close at $21.65, a loss of 3.05% for the day. On the previous day, the stock had closed at $22.33. The total traded volume of the day was 1,947,892 shares.

Also, HSBC initiates coverage on Yandex N.V. (NASDAQ:YNDX) The brokerage firm has issued a Buy rating on the shares. The rating by the firm was issued on July 18, 2016.

Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey, Ukraine, Belarus and Kazakhstan. The Companys Russian businesses are organized in five operating segments: Russian Search and Portal, which includes all services offered in Russia, Belarus and Kazakhstan; Russian E-commerce, which includes the Yandex.Market service; Media Services, which includes Yandex.Music,, Yandex.TV program and Yandex.Kinoafisha; Taxi, which includes the Yandex.Taxi service, and Classified Aggregators, which include Yandex.Auto,, Yandex.Realty and Yandex.Job. Additionally, its international operations are organized in three operating segments: Turkish Search and Portal; Ukrainian Search and Portal, and Data Factory (including the Yandex.Data Factory service). It offers a range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail, Yandex.Maps and Yandex.Auto.

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