The market has been down on Yandex NV (YNDX) stock recently. YNDX gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With YNDX Stock Today?
Yandex NV (YNDX) stock is trading at $61.85 as of 11:46 AM on Wednesday, Apr 14, a rise of $2.01, or 3.37% from the previous closing price of $59.83. The stock has traded between $60.91 and $62.27 so far today. Volume today is more active than usual. So far 2,978,960 shares have traded compared to average volume of 2,318,775 shares.
To see InvestorsObserver's Sentiment Score for Yandex NV click here.
More About Yandex NV
Yandex NV is an internet and technology company and operating internet search engines in Russia. It builds products and services powered by machine learning. The company operates through following segments namely, Search and Portal; Taxi; E-commerce; Classifieds; Media Services; Other Bets and Experiments. Search and Portal segment offers services in Russia, Belarus, Kazakhstan which generates most of the revenue.
Click Here to get the full Stock Score Report on Yandex NV (YNDX) Stock.
