Yandex N.V. (YNDX) Shares are Down -3.15%

Yandex N.V. (YNDX) has risen sharply, recording gains of 5.89% in the past 4 weeks. However, the stock has corrected -3.15% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.48% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Yandex N.V. is up 16.96% in the last 3-month period. Year-to-Date the stock performance stands at 43%. The stock has recorded a 20-day Moving Average of 1.89% and the 50-Day Moving Average is 3.18%.


Yandex N.V. (NASDAQ:YNDX): The stock opened at $22.73 on Friday but the bulls could not build on the opening and the stock topped out at $22.82 for the day. The stock traded down to $22.45 during the day, due to lack of any buying support eventually closed down at $22.48 with a loss of -1.27% for the day. The stock had closed at $22.77 on the previous day. The total traded volume was 1,655,147 shares.

Also, HSBC initiates coverage on Yandex N.V. (NASDAQ:YNDX). The rating major has initiated the coverage with 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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