Yandex (YNDX) in Focus: Stock Moves 7.9% Higher

Yandex N.V. YNDX was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $35.20 to $39.41 in the past one-month time frame.

The move came after the company reported fourth quarter and full-year 2017 financial results.

The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Yandex. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Yandex N.V. Price

Yandex N.V. Price | Yandex N.V. Quote

 

Yandex currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Computer and Technology sector is Shutterfly, Inc. SFLY, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is YNDX going up? Or down? Predict to see what others think: Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Shutterfly, Inc. (SFLY) : Free Stock Analysis Report
 
Yandex N.V. (YNDX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research