Why Yandex Stock Just Popped 10%
Shares of "Russia's Google" -- tech giant Yandex (NASDAQ: YNDX) -- jumped 10% in early Monday trading and are currently tipping the scales up 10.2% as of 9:55 a.m. EST.
In part, this is because Yandex announced a $300 million share buyback this morning. In larger part, though, it's because Yandex seems to have struck upon a solution to new Russian legislation that threatens to limit foreign ownership of the shares.
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Source Fool.com
