Yandex N.V. (NASDAQ:YNDX) has tumbled 1.88% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 11.5% in the last four weeks. The stocks have underperformed the S&P 500 by 0.7% during the past week but Yandex N.V. (NASDAQ:YNDX) it has outperformed the index in 4 weeks by 10.48%.
Yandex N.V. (NASDAQ:YNDX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.26 and $20.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.43, notching a gain of 1.61% for the day. The total traded volume was 3,269,404 . The stock had closed at $21.09 on the previous day.
The company shares have rallied 31.80% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $23.20 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $20.40 and the 200 Day Moving Average price is recorded at $16.14.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, downgrades their rating on the shares of Yandex N.V. (NASDAQ:YNDX). Citigroup has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 6, 2016. Institutional Investors own 49.18% of Yandex N.V. shares.
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, Kinopoisk.ru, Yandex.TV program and Yandex.Kinoafisha; Taxi, which includes the Yandex.Taxi service, and Classified Aggregators, which include Yandex.Auto, Auto.ru, 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.