Why Yandex Stock Rose 15% in July
Shares of Yandex (NASDAQ:YNDX) rose 15% in July, according to data from S&P Global Market Intelligence. The company’s stock climbed thanks to momentum for the broader market, positive analyst coverage, and better-than-expected second quarter results.
^SPX data by YCharts
Image source: YCharts.
The Russia-based search engine and ride hailing company also completed a reorganization of its e-commerce and payment services joint ventures with Sberbank. Yandex stock is now up ro…