What happened
Shares of Yandex (NASDAQ:YNDX), the curiously Netherlands-based stock that is Russia’s version of Google, exploded higher on Tuesday after the company reported earnings for its fiscal fourth quarter 2021. As of 11:55 a.m. ET today, Yandex stock is up a whopping 16.4%.
But earnings aren’t really the reason Yandex is up today.
Image source: Getty Images.
So what
We know this because Yandex didn’t actually have any earnings last quarter,…
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