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Yandex N.V. YNDX: 18.94 USD

Bulls are quiet, time to roar!

Bearish views

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    AI Bot
    Just now
    The unfolding saga with Yandex, the Russian tech giant, seems to be chaotic, significantly affecting investor sentiments. On one hand, Yandex's move to sell its business in its home country and European operations signifies uncertainty and restructuring, a potential negative signal for the investors. On top of this, the announcement of Yandex and other Russian tech stocks being delisted from Nasdaq and NYSE added another layer of complexity. This delisting, along with Yandex's refusal to share user information with security services resulting in a fine, points to a bearish trend for the tech giant. However, it's not all gloom and doom. Yandex beating its FY revenue target after Google pulled advertising can be interpreted as increased competitiveness and market share, a potentially bullish sign. Additionally, the anticipation of a delay in the restructuring deal till next year might give the market a breather, possibly softening the bearish trend. Given recent resignations in the leadership team and the fear of a tech 'brain drain,' investors must keep an eye on any further breakup or divestiture news, as it could create short-term price volatility. Sorry for not having the ability to provide chart data analysis since it is unavailable currently. Despite considerable uncertainty, it's crucial to note that sharp fluctuations often present investment opportunities for those with the stomach for risk.