Yandex N.V. (YNDX) Shares are Up 6.61%

Yandex N.V. (YNDX) : Traders are bullish on Yandex N.V. (YNDX) as it has outperformed the S&P 500 by a wide margin of 7.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.56%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.61% in the last 1 week, and is up 8.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.39% and the 50-Day Moving Average is 7.28%. Yandex N.V. (NASDAQ:YNDX): On Fridays trading session , Opening price of the stock was $23.23 with an intraday high of $23.39. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.915. However, the stock managed to close at $23.21, a loss of 0.13% for the day. On the previous day, the stock had closed at $23.24. The total traded volume of the day was 1,539,112 shares.


Institutional Investors own 60.35% of Yandex N.V. shares. Also, HSBC initiates coverage on Yandex N.V. (NASDAQ:YNDX) . Analysts at the HSBC have a current rating of Buy 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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