Why Yandex Stock Jumped 25.7% in November
Shares of Yandex (NASDAQ: YNDX) climbed 25.7% in November, according to data from S&P Global Market Intelligence, after Russian internet search leader proposed a solution to Russian legislation that was threatening to limit foreign ownership in the company.
For perspective, Yandex stock slumped nearly 20% immediately following news of a draft law aimed at limiting foreign ownership of Russia's "strategically important tech firms" to 20%. But it also soared later that month after Russian lawmakers reportedly relaxed their proposal to incorporate a "50%-minus-one" limit for foreign stakeholders.
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Source Fool.com
